Want to diversify your investment profile"
Then you have to get into the real estate investment. Yes, it might seem a lot of work and time-consuming with the tenants calling about toilet issues, bugs infested houses, and so on. However, if you get it right then real estate investment can be quite profitable and can help you in diversifying your investment profile.
If you have already invested in mutual funds, stocks, policies, etc. and now want to utilize your extra cash and multiply it then real estate investment is a great way to do that. Although this type of investment is not for everyone, it is cost-effective and can help you in making millions.
Here are 5 ways in which you can get started with the real estate investment and make yourself rich without lifting up a finger. Purchase Real Estate Investment Trusts (REIT)
A lot of people want to get started with the real estate investment but don?t want to handle too much work. For such people, investing in real estate investment trusts is an effective way to invest money in real estate while being only passively involved. What is a REIT" Well, a REIT is basically a fund which can be used to invest in the stocks and bonds of a real estate.
When compared to mutual funds, REITs often tend to own retail buildings, hotels, office buildings, and so on. They are also known to pay a higher dividend which is why investing in them makes a wise choice in your retirement.
You can further reinvest those dividends if you don?...