There are a lot of decisions to make and a lot of different options out there. That was the real reason why I chose real estate so that I can buy distressed assets, which has proven to make a lot of millionaires over time. Think about it. I can pay somebody to come in and pay my mortgage for me to pay my debt down. So, I can be in a position where I have appreciation on the back end when the value goes up over time. I have another blog that talks about how to get started in real estate. So check that one out, if you're interested to see the key principles and steps that you need to get started in real estate.

Many different real estate market sectors are available to investors like you to generate a passive income and financial freedom. Rental rates tend to keep pace with increases in the cost of living, allowing you to continue living your life in the style you wish. By diversifying your real estate portfolio and spreading your investments across these sectors, you lower the risk of each holding while building a solid hedge against inflation. While single-family home rentals typically come to mind, there are many ways to achieve your goal.

Done right, buying and holding an investment property is a great way to build your portfolio, amass wealth as the value of your holdings increases over time, and create a reliable monthly cash flow. Passive income earned through your real estate investments allows you the financial freedom to do what you want with your time. The wealth you have built will provide you with financial security, which means you’ll remain in the driver’s seat living out your golden years. In addition, as you pay down any mortgages over time, your income will increase and bring you healthy returns on the investment for long-term passive income in your retirement.

When it comes down to it all, real estate is just simple math. It's just figuring out the equation and finding the answer with the numbers given. If you're able to bring in $5,000 a month from your rental property, then that's $5,000 less that you have to go and trade your time for.