Saturday, July 31

Real Estate Investing

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Buying mobile home parks helped an Idaho man go from $0 in savings to a $1.8 million net worth in 6 years

In 2015, Cory Harelson had $0 in savings, $30,000 in student loans, and no financial knowledge. After reading several books about money, he decided to invest in real estate. He stumbled upon a mobile home park for sale and has since raised his net worth to $1.8 million. Read more stories from Personal Finance Insider. Cory Harelson, a structural engineer in Boise, Idaho, knew what it was like to feel trapped. In 2015, he was working anywhere from 60- to 80-hour weeks, overwhelmed with mortgage payments and bills, and balancing raising a young son. "It was like a race with no end," he says. But in just six years, he went from having $0 in savings, $30,000 in ...
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Financial planners say their clients earn the most passive income from real estate, but they’re not all landlords

Insider asked financial planners how their clients earn passive income, and real estate won. Not all own investment properties — some invest through a real estate investment trust. Others simply rent out rooms and units in their own homes, called "house hacking." Read more Personal Finance Insider coverage » Financial planners say their clients overwhelmingly turn to one source for passive income: real estate.Insider spoke with several financial planners, asking each where their clients get the most passive income. They told us that one of the most common forms of passive income they see among clients is real estate. However, they noted that not all of thei...