Residential real estate refers to properties where people live, like single-family homes, duplexes, and apartments 👪

The most common way to invest in residential real estate is to buy a house or apartment for yourself to live in 🏡

When you buy a home, you’re making an investment: if your home’s value goes up, so does your net worth! 📈

Another way to invest in residential real estate is to buy a home and rent it out to tenants 🔑

Many people do this after they already own a home for themselves.

As a landlord, you're responsible for paying the mortgage, taxes, and costs of maintaining the property, but you get to keep the rental income and your property’s value can increase over time 💸

Residential leases are typically pretty short: anywhere from 6 months to 2 years, meaning that you’ll need to find new tenants pretty often, or risk losing potential rental income 😰

Still, many people have built substantial wealth by starting with a small rental property and slowly adding more properties to their portfolio over time! 📈

Another way to invest in residential real estate is to "flip" houses – buying a property, renovating it, and quickly reselling for a profit 🔨

While flipping can potentially lead to fast profits, it requires a lot of upfront cash, hard work and real estate expertise to execute successfully 📋