Everything can be an investment, even your house ๐๏ธ
Real estate = land, buildings, houses or apartments ๐๏ธ
It's one of the most popular asset classes that investors put their money in!
Investors make money by renting out property to tenants or by selling it at a higher price than they paid for it ๐ฐ
The cool thing about real estate is that you can actually LIVE in your investment! ๐
The value of real estate is determined by location, demand, and the condition of the property ๐๏ธ
If you want to live there, others may too & vice versa! ๐
Real estate can provide a steady source of income through rental payments and can grow in value over time ๐ฐ
But, it can require a huge amount of money because buying a house is not cheap and a tenant is never guaranteed ๐
If you canโt buy a house right now, you can look into โreal estate investment trustsโ or โREITsโ which you can invest in right on Bloom! ๐๏ธ
REIT = a company that owns and manages many properties ๐
REITs are the ETFs of the real estate world ๐๏ธ
Investing in a REIT allows you to own a piece of a portfolio of real estate without having to personally buy and manage land ๐ฐ
Before investing in real estate, make sure to do your research and carefully consider your investment goals and risk tolerance ๐ค