Jill on Money with Jill Schlesinger

Can We Upgrade Our House?

Jan 9, 2025

Discover the intricate dynamics of real estate investment and how it can impact long-term financial goals. Delve into a family's financial stability while contemplating a major move and the emotional toll of selling their home. Hear about planning and strategizing a dream lake house purchase, balancing investments in IRAs and brokerage accounts. Explore the complexities involved in significant financial commitments and the importance of managing savings, income, and tax implications in high-stakes property transactions.

13:24

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Quick takeaways

Upgrading a house can significantly impact long-term financial plans, necessitating careful assessment of budgeting and savings.

Real estate investment offers long-term appreciation and inflation hedging, but requires strategic planning to avoid common pitfalls.

Deep dives

Real Estate Investment Simplified

Investing in real estate has long been an effective way to build wealth, yet it often comes with challenges such as maintenance issues and tenant disputes. The Fundrise flagship real estate fund aims to alleviate these headaches by offering a diversified $1.1 billion portfolio that includes over 4,000 single-family homes and vast industrial properties. This fund provides investors access to the long-term appreciation and inflation hedging that real estate typically offers, without the burdens of extensive paperwork and large down payments. This approach allows individuals to enhance their investment strategies by incorporating real estate with ease and confidence.