How to Use Real Estate to Build Wealth

<p><span style="font-weight: 400;">Even with your own home, have you noticed that real estate prices have been a bit hectic? How do you build wealth with real estate? Not with your primary residence.&nbsp;&nbsp;&nbsp;</span></p> <p><span style="font-weight: 400;">In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about real estate as an investment outside of your primary residence. You are building wealth with your home, but it is hard to realize that wealth.&nbsp;&nbsp;&nbsp;</span></p> <p><strong>Topics Discussed:</strong><span style="font-weight: 400;">&nbsp;</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Real Estate Market Prices: Massive increases in short periods of time</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Crazy Market: What are the reasons? Nobody really knows underlying causes</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Supply and Demand: Low supply and high demand drives up real estate prices</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Why is demand high? People still want to buy or invest in real estate</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Why is supply low? Cautious builders, lumber costs, lack of skilled labor, rules</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Real Estate Investing - Alternative approaches to make money:&nbsp;</span></li> <ul> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Appreciation: Own property that increases in value</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Rent: Own property that is rented out to others to generate income</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Loan: Charge interest on money loaned for real estate deals&nbsp;</span></li