4 Smart Investments You Can Make in 2024

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Real estate notes. Investing in notes is a real estate strategy that’s great for beginners, or anyone who wants to start earning quick returns. What is a real estate note? You might have also heard the term mortgage note or promissory note. When you invest in notes, you’re basically acting as the lender on a real estate deal. You can DIY notes, or you can invest in notes through a company like Connect Invest. Check out my link, https://morrisinvest.com/connect, if you’re interested in using this strategy. The barrier to entry is low, typically you can start with as little as $500 and the returns are in the 7.5-9% range.
House hacking has always been a financially intelligent strategy for veterans or active-duty members who have access to a VA Loan. It’s also great for first time buyers who can take advantage of an FHA mortgage. And Fannie Mae’s new policy allows all borrowers to take a multifamily home loan for just 5% down in owner-occupied units. There are so many different ways you could make this work, and there’s no better way to get your foot in the door with real estate investing. House Hacking video: https://www.youtube.com/watch?v=quMj1qegozM
Buying a rental property in a proven market. There’s no better investment than a piece of real estate. Where do I even start? Buying rental properties in a proven market is going to give you a recession resistant asset, a hedge against inflation, tax benefits, and so much more. However, making a smart investment is easier said than done. You’ll have to conduct market research, run the numbers, and do a lot of due diligence to make sure you’re making a profitable and sustainable investment.
Precious metals. In my opinion, there’s never been a better time to ensure your wealth is protected. Incorporating precious metals like gold and silver into your portfolio is a great way to diversify. It’s worth noting that while buying precious metals like gold do not create cash flow, they are a hedge against inflation and the swings of the market. This might not be the right strategy for you if you’re a beginner or are looking to create passive income, but it’s something to keep in mind as you grow and preserve your wealth. There are multiple ways to invest in precious metals, including physical bullion, gold funds, and gold stocks. I’m not an expert on precious metals, but I do know of a few great resources: https://learmorris.com/

So there you have it – four smart ways to invest in 2024: real estate notes, buying a duplex to house hack, a strong rental property in a proven market, and precious metals.