As a young adult it is hard for me to think about the future just like the rest of my generation. It’s just for us future seems so far away, we don’t want to think about it because quite frankly it is just scary. That question people ask all the time where will you be in 5 years or what will you be doing is literally the most scariest question ever.
It doesn’t have to be like this though. Although we might not know what the future holds, we could at least have a back up plan. This is where we need to start thinking about investing in our future and we have got plenty of options like stocks, bonds and cash equivalent like real estate.
Although real estate market is currently not doing that well, it is a great place to invest. Unlike stocks and bonds, real estate have a very low risk and depending on the area demand changes. For instance homes for sale in Jacksonville, FL are doing pretty well because let’s be real who doesn’t want to live in Florida? it’s close to ocean and pretty much always warm. Sounds like a perfect vacation spot or just summer home.
The best part is properties in areas like this could be rented out very easily all year around. What you could do is to get a mortgage and rent it on a short term basis via Airbnb or just find a tenant that might stay for a long period of time. In both cases you will be getting cash almost every month and you could use that money to pay off the mortgage. After that whatever you make will be yours.
I know this all might sound too much, but think about it. At the end of the day we all dream about the future, imagine what would be like if we had already invested in it?!