Elon Musk remains the richest man in the world with a net worth of over $467 billion, leading Tesla to become the first $1 trillion electric vehicle maker. Despite claiming to own no home and living a nomadic lifestyle, reports show Musk bought a house in Austin, Texas and a tiny home in Boca Chica, Texas.

Real estate is a key asset for wealth generation, with homeowners building equity over time. Investing in real estate can provide a stable nest egg for retirement, even for those living paycheck to paycheck. Options like rental properties and platforms like Arrived offer ways to invest in real estate without owning property outright.

For those with more capital, First National Realty Partners offers access to commercial real estate investments. Qualified investors can benefit from stable cash flow growth and quarterly distributions. Platforms like Homeshares allow accredited investors to invest in owner-occupied residential properties with risk-adjusted returns ranging from 14% to 17%.

Elon Musk’s investment portfolio is concentrated, but diversification into real estate and alternative investment platforms can provide stable returns and wealth growth over time. Platforms like Arrived, First National Realty Partners, and Homeshares offer opportunities for investors to enter the real estate market without the responsibilities of direct ownership.

Read more at Yahoo Finance: Elon Musk once vowed to ‘own no home.’ How to invest in real estate without buying property