We’ve been maxing out our tax-free accounts and putting a good chunk into a brokerage. But now we’re thinking about changing things up. Maybe we should just do the company match and start a real estate fund instead.
I’m worried about the job market and how it might affect vacation rentals. If people can’t pay for their VRBO properties, there could be some good deals out there.
Also, I’m concerned about our kids’ future. They’ll be out of college soon, and the economy might not be as strong as it was for us. Having some properties they could live in seems like a smart move.
Is anyone else thinking about getting into real estate? Not necessarily to rent out, but just to hold onto for the future? It feels like a good way to spread out our investments and maybe set up our family for the long run.
yo, i’ve been thinking bout real estate too. it’s a solid move if u can handle it. just watch out for hidden costs like property taxes n repairs. maybe start small with a duplex? that way u can live in one half n rent the other. it’s a good way to dip ur toes in without going all in.
Have you considered REITs as an alternative? They offer real estate exposure without the hassle of property management. Plus, they’re more liquid than physical properties. What’s your take on balancing real estate with other investments? I’m curious about your long-term strategy for wealth building and providing for your kids.
Diversifying into real estate can be a smart move, especially if you’re concerned about economic uncertainty. I’ve been in the property game for over a decade, and while it’s not without challenges, it’s been a solid wealth-building strategy for my family.
One advantage of real estate is its tangible nature. Unlike stocks, you have a physical asset that can provide utility or income. Plus, real estate often appreciates over time, particularly in desirable areas.
However, don’t underestimate the work involved. Property management, maintenance, and dealing with tenants can be time-consuming. If you’re not prepared to be hands-on, factor in the cost of a property manager.
Regarding your children’s future, owning properties they could potentially live in is indeed a strategic move. It provides a safety net and could give them a leg up in a tough housing market.
Just remember, real estate isn’t as liquid as stocks, so ensure you maintain a balanced portfolio. And always do thorough research on local markets before investing.