Do you have a 401k or IRA you set aside money for retirement? If you work a typically W-2 job, you’re most likely offered the option to set aside a certain % of your paycheck to go towards your 401k, with the company matching a certain amount you put in. You then typically pick a mutual & index fund to invest your retirement into over the years.
Did you know you can also invest in real estate as well with your retirement funds? You can funnel that money into something called a Self Directed IRA (SDIRA), which comes with some restrictions. Please use this link to get a brief overview of those restrictions and more details on what the SDIRA can do. (https://www.investopedia.com/articles/personal-finance/111615/using-your-ira-buy-investment-property.asp)
Many people that connect with me and say they’d like to invest say something along the lines of “I’d love to buy a rental property, I just don’t have the money set aside to do it.” This SDIRA option is usually the first idea I bring up.
Feel free to reach out if you’d like more details!