Working under these circumstances can drain your energy and take a toll on your mental and physical health. But what if we could make a living in a way that offers more flexibility, less time commitment, and more income?
You may have heard that real estate is a fantastic vehicle to build wealth. Well, you heard right. You just need to uncover a real estate strategy that works best for you. The approach you choose will determine how much effort is required.
3. Own Your Residence
The easiest way to get into the real estate game is to own your residence. I mean you are going to be paying rent anyway, so you may as well turn it into an investment. That's a “3” on the effort scale.
4. Rental Properties
Another way you can use real estate investing to make some income is to own and rent out a property yourself. It's not entirely passive income, however (more like a small business effort), but it gives you myriad advantages over a typical 9-5 job. I give this a “6” on the effort scale.