Real estate can be a great way to build wealth over the long term, but the truth is that owning investment properties, investing in commercial real estate development, or fixing and flipping houses isn’t for everyone. But don’t worry. As legendary investor Warren Buffett has said, “[I]t is not necessary to do extraordinary things to get extraordinary results.”
This is as true in real estate as it is anywhere else. The Vanguard Real Estate ETF (VNQ) is an index fund that takes the company-specific risk out of real estate investing and is considered a boring investment by many. But you might be surprised at the long-term potential.
This post originally appeared at The Motley Fool.