Real Estate and Housing
One evergreen fact is that everyone needs somewhere to live, so within the right parameters, housing investments are always a good starting point. Within housing there are two paths you can take; investment for sale or investment for rent. With countless daytime television shows dedicated to ‘flipping houses,’ many people want to get in on the action. Though this has great potential for profitability, the high risk and market fluctuations make sales quite time-sensitive. Alternatively, rental properties tend to be a safer bet, as once the property is rented, the tenants pay off the mortgage should you have one. Although the housing market is usually volatile, with a long-term focus, rental properties can serve as a fantastic fixed-income asset that comes with some very welcome tax deductions.