Zack, a successful day trader from Nashville, nets between $30,000 and $90,000 monthly. He aims to transition into real estate investing, seeking guidance from Ramsey Show hosts George Kamel and Rachel Cruze. Zack has built a strong financial base through day trading, debt-free with $50,000 in savings.
Ramsey hosts advise Zack to buy a primary residence with cash or a manageable mortgage before diving into real estate investing. For those seeking low-risk real estate opportunities, First National Realty Partners offers investments in commercial properties leased by national brands. Investors can own a share with a minimum $50,000 investment.
Another option for real estate investment is Homeshares, providing access to owner-occupied homes in top U.S. cities through the U.S. Home Equity Fund. Accredited investors can invest in high-quality residential properties with a minimum $25,000 investment and target returns ranging from 14% to 17%.
Day trading offers potential for quick profits, but comes with a steep learning curve and high financial risks. Most traders lose money, making steady, low-cost investments a safer choice. Robinhood, a commission-free investing app, allows users to invest in ETFs, stocks, and options with no account minimums.
Real estate investing offers stability and tax advantages compared to day trading. Rental income remains steady even in a bear market, providing a predictable source of funds. Long-term gains in real estate are taxed more favorably, making it an attractive investment option for those like Zack looking to diversify their portfolio.
Read more at Yahoo Finance: 22-year-old day trader making $90/month wants to try real estate. Here’s what the hosts of the Ramsey Show had to say
