Real estate is a proven way to build wealth, with several strategies to consider based on your goals. You can buy and hold properties for rental income, fix and flip homes for a quick profit, or invest in Real Estate Investment Trusts (REITs) for a hands-off approach. Short-term vacation rentals and house hacking—where you rent part of your property while living in it—are also growing in popularity.

Commercial real estate and crowdfunding are other powerful ways to expand your portfolio. Each strategy offers different levels of risk and reward, but with the right approach, you can find a path that works for you and grow your wealth over time.