“Ninety percent of all millionaires become so through owning real estate.” – Andrew Carnegie.
New York is one of the most prominent cities in the world. This place is filled with numerous opportunities to dwell and accomplish your dreams. On top of that, it is a great place to make real estate investments.
Buying and renting properties has been a part of investment strategies as it helps in diversifying portfolios. Besides, it reduces the overall risks and improves the returns on investment. Furthermore, it is a more stable investment option as compared to stocks and bonds. Nevertheless, you must practice due diligence before investing. In fact, it is vital if you are using a self-directed IRA. You must learn about the pros and cons of self directed ira real estate before making significant decisions.
Having said that, let’s take a closer look at the ways to invest in real estate.