I would run away from real estate. ROI is so low these days. Maybe you can find something worthwhile in Turkey (due to currency crisis). But worldwide you’ll be making 3% a year! It might protect you from inflation but it’s not passive as buying a stock. You have to administer it. Pay for fixes and you won’t have the place rented 100% of the time.
Unless you have a few millions in the bank, I would not put a good portion of my portfolio in a single asset.
The only real estate I would have would be building a 2 (or more) story apartment and rent the (independent) apartments bellow and keep the penthouse for me. So I would have a home without having to worry about property tax since I would be making money from the tenants below. If I don’t like the “neighbors” I could always kick them.
Unless you have a few millions in the bank, I would not put a good portion of my portfolio in a single asset.
The only real estate I would have would be building a 2 (or more) story apartment and rent the (independent) apartments bellow and keep the penthouse for me. So I would have a home without having to worry about property tax since I would be making money from the tenants below. If I don’t like the “neighbors” I could always kick them.