Learn How to Build Wealth Volume 4–Real Estate
Investing in real estate may be another way to build wealth. Whether we buy a home or a condominium, our real estate investment can provide the cornerstone for building long term wealth if the right planning is in place.
There are many ways to build wealth using real estate. The most common are:
- Personal Property
- Rental Property
- Real Estate Investment Trusts (REIT)
Generating wealth from real estate usually occurs from a combination of property appreciating, equity pay downs, and tax benefits. The cash flow received is either a lump sum payment from selling the property or from payments received from renters.