Here are three ways that you can get rich in a recession. Increased rates have sidelined many buyers, and that lack of buyers is causing demand in a multifamily and multi-unit business. And it’s caused rents to skyrocket by 30%. Here is how you can capitalize on this housing market without being a millionaire.
The first is REITs real estate investment trusts. There are companies like fundraisers that allow you to invest in amazing properties all over the country without high-end investment. This is basically like crowdfunding for residential and commercial properties all over the country.
And then there’s commercial property. It’s no mistake that commercial real estate requires a lot of expertise. But there is a company called Crowd Street that allows you to invest in commercial properties all over the country without investing millions. Then are single-family homes, with rates increasing and buyer demand cooling. Sellers are having to cut their price more than double what it was last year. Now is a perfect time to look at all these options.
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