Location, Location, Location – The Best Places to Invest In Real Estate in 2023 – Passive Income Article

Live where you want to live, invest where it makes sense. 

For many investors, financial freedom is only possible by building multiple streams of passive income. So how can we tap into opportunities to generate multiple streams of income? 

What if I told you that diversification is the key, especially when mitigating yourself against risks? You never want to have all of your eggs in one basket. And in todays uncertain market, a smart investor will diversify their portfolio.

As longtime readers know, I believe one of the best ways to achieve our financial goals—including diversification—is through real estate passive income. As you build your real estate asset portfolio, that might mean investing in different types of properties, such as condos, single-family homes, multifamily properties, or commercial property. 

Your approach to investing could be diverse, too, by choosing a combination of syndications, REITs, real estate funds, notes, partnerships, or private ownership for rental purposes. If, in a given year, syndications are down but every other investment type is soaring, your diversity has helped your finances stay on pace for growth. 

But what is often lost in the conversation of diversity is location, location, location….