Earning passive income from real estate investment appeals to many Americans. With a passive income stream, you can make money without extensive effort. Passive income can help you build wealth and work toward your goal of reaching financial freedom. Though there are many ways to make passive income, investing in real estate is one of the most popular methods.
If you are new to passive income and real estate investing, this guide will help you understand how to get passive income from real estate.
The 2017 federal Tax Cuts and Job Acts (TCJA) granted taxpayers new tax benefits for investing in Qualified Opportunity Zones (QOZs). However, not all states are on board with the changes. Before you make an investment, consider whether your state conforms to the TCJA.