There are a few main ways you can invest in real estate:
1๏ธโฃ Buying a property and renting it out to tenants -- people or businesses who pay you to occupy your property
This generates rental income and your property can also appreciate in value over time ๐
2๏ธโฃ Buying a property, renovating it, and then selling it for a profit.
This is known as "flipping" houses ๐จ
3๏ธโฃ Buying a property for yourself to live in.
When you buy a home and your homeโs value increases over time, you get to build your wealth AND get a place to live ๐ก
If it sounds like these options are out of reach since you actually need to buy a property, donโt worry!
Thereโs a way you can expose yourself to real estate investing right on Bloom ๐ฒ
REITs (Real Estate Investment Trusts) are companies that own income-producing real estate.
Think of REITs like real estate ETFs, since they often own lots of different real estate! ๐ข
Some REITs have become publicly traded companies, which means you can invest in them on Bloom!
For example, the REIT Invitation Homes is the biggest owner of single family homes in the US, with over 83,000 rental properties generating income ๐ผ
But no matter how you choose to invest in real estate, make sure to thoroughly research the market and understand what it is youโre actually investing in! ๐