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What Cardone thinks you should do instead

Cardone advocates for residential real estate, which appears to have remained strong through the economic turmoil of recent years, while other parts of the commercial real estate sector — like offices, hotels and retail — have struggled.

If you're keen on getting into the real estate game, consider crowdfunding platforms — a process championed by Cardone — that allow everyday investors to pool their money to purchase property (or a share of property) as a group.

Stop overpaying for home insurance

Home insurance is an essential expense – one that can often be pricey. You can lower your monthly recurring expenses by finding a more economical alternative for home insurance.

Officialhomeinsurance can help you do just that. Their online marketplace of vetted home insurance providers allows you to quickly shop around for rates from the country’s top insurance companies, and ensure you’re paying the lowest price possible for your home insurance.

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Necessity-based commercial real estate

Necessity-based commercial real estate is known for being able to withstand economic uncertainty. And First National Realty Partners makes this asset easily accessible through their online platform.

With FNRP, accredited investors can invest in grocery-anchored commercial real estate and own a share of properties leased by national brands.

FNRP’s team manages the investments for you, so all you have to do to take advantage of this lucrative investment is sit back and enjoy your quarterly distributions.

Invest in rental properties

If you're keen on getting into the real estate game outside of the commercial space, consider crowdfunding platforms — a process championed by Cardone — that allow everyday investors to pool their money to purchase property (or a share of property) as a group.

Arrived, for example, allows you to invest in shares of rental homes and vacation rentals without taking on the responsibilities of property management or homeownership.

With Arrived, you can browse a curated selection of homes, each vetted for their appreciation and income potential. Once you find a property you like, you can choose the number of shares you want to buy and start investing in real estate with just $100.

Meet Your Retirement Goals Effortlessly

The road to retirement may seem long, but with WiserAdvisor, you can find a trusted partner to guide you every step of the way

WiserAdvisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.

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Invest in REITs

You can also invest in a residential real estate investment trust (REIT), publicly traded companies that collect rent from tenants and pass that rent to shareholders in the form of dividend payments.

Real estate investment firm DLP Capital makes it easy for investors to access the lucrative potential of REITs.

The platform offers a variety of funds in residential and multifamily real estate with targeted annual returns of up to 13%.

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This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

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There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Moneywise Moneywise Editorial Team

The Moneywise Editorial Team is a group of passionate financial experts, seasoned journalists, and content creators who are deeply committed to providing unbiased, relevant, and accurate financial information. With years of combined industry experience, our team is dedicated to maintaining the highest journalistic standards and delivering informative and engaging content. From personal finance and investing to retirement planning and business finance, we cover a broad range of topics to suit the financial needs of our diverse readership. You can trust the Moneywise Editorial Team to empower you with the knowledge and tools necessary to make wise financial decisions.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.