What about Rental Property?

Real Estate has traditionally been a good long term investment. Now could be a good time to buy, there are a lot of distressed sellers. You will want to get a good enough deal to be competitive in the rental market. Owning rental property is like any other business, it involves some time and effort. But, it can be a good way to accumulate wealth. Other people are paying your mortgage for you. If you buy 4 rental properties for 125k each, at the historic average growth rate of 4% they would be worth a million dollars in 20 years. If you put 20% down, that’s $100k invested to generate a million dollars. A lot of people have made a lot of money over the years in real estate the old fashioned way. Buy low, let other people pay the mortgage and expenses and hold it for a long time.