Here’s a fascinating article from the Motley Fool. It’s called How to Invest in Real Estate on a Budget With These 4 Cheap Estate Investments.
In it, Liz Brumer-Smith shares some interesting ideas. Here’s one that’s particularly thought-provoking:
When you are ready to buy your first home, consider buying a duplex or a property that has the potential to rent an additional unit. This technique has become more and more popular as a way to participate in appreciation, take advantage of many tax incentives of owning real estate, and have rental income to cover the cost of your home each month. Think of how nice it would be to have a tenant paying your mortgage, while you get to live for free, or close to free.
Have a look at the full article for more of the author’s insights.