Elon Musk once vowed to ‘own no home.' How to invest in real estate without buying property

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electric vehicle maker, though Musk would tell you Tesla is far from just an EV company.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPWealthy investors are turning to this niche strategy to stay steady through big market swings. Here’s how it could also work for youElon Musk’s lifestyle is unconventional, to say the least. The Tesla CEO claims he works 120 hours per week (more than 17 hours per day, all seven days of the week). He’s also previously stated that he will “own no home,” choosing instead to sell almost all his physical possessions and live a nomadic lifestyle.But it appears Elon Musk remains a property owner, with reports stating he bought a house in Austin, Texas in 2022. This house was previously bought in 2018 for $4.5 million (which can get you quite the house in Austin) and was sold to Elon Musk in a private sale.Following this, Architectural Digest reported that the billionaire made a transition from his luxurious estate to a s $50,000 tiny home in Boca Chica, Texas.If you want to follow in the footsteps of Musk, here are some ways to invest in real estate without purchasing a property outright.We all need a place to live, and that’s true for the poorest and wealthiest. While Elon Musk undoubtedly has quite the Rolodex of friends with very comfortable couches to crash on, most seek permanence.Aside from the personal element, real estate has proven to be an asset class that provides the majority of most households’ wealth over long periods. A National Association of Realtors report shows consistent wealth generation numbers across the low, medium, and high-income thresholds over time. Generally, those who own their own houses build equity over time, as asset prices increase.Owning stocks, bonds and other investments in a 401K or similar retirement account is great. But for many households living paycheck to paycheck, that sort of savings vehicle is out of reach. Making a monthly mortgage payment, however, is something that’s achievable for many, and can help build an important nest egg when the time comes to retire.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,602.99 +64.23 (+0.98%)Dow 3046,245.41 +493.15 (+1.08%)Nasdaq22,273.08 +195.03 (+0.88%)Russell 20002,369.59 +64.48 (+2.80%)VIX23.43 -2.99 (-11.32%)Gold4,079.50 +19.50 (+0.48%)PortfolioSign in to access your portfolioSign inTop gainersBLLN BillionToOne, Inc. 110.00 +14.32 (+14.97%)ADPT Adaptive Biotechnologies Corporation 18.61 +2.29 (+14.03%)KYIV Kyivstar Group Ltd. 12.93 +1.41 (+12.24%)CAVA CAVA Group, Inc. 48.92 +5.33 (+12.23%)HTFL Heartflow, Inc. 30.85 +3.18 (+11.49%)Top losersESTC Elastic N.V. 70.04 -12.04 (-14.67%)VEEV Veeva Systems Inc. 244.06 -26.44 (-9.77%)POST Post Holdings, Inc. 99.42 -7.66 (-7.15%)FRMI Fermi Inc. 14.34 -1.07 (-6.94%)MENS Jyong Biotech Ltd. 30.74 -2.06 (-6.28%)Most activeNVDA NVIDIA Corporation 178.88 -1.76 (-0.97%)OPEN Opendoor Technologies Inc. 6.75 +0.59 (+9.58%)ONDS Ondas Holdings Inc. 6.74 +0.47 (+7.42%)PLUG Plug Power Inc. 1.9800 +0.0900 (+4.76%)TSLA Tesla, Inc. 391.09 -3.96 (-1.00%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 85,912.66 +2,256.26 (+2.70%)ETH-USD Ethereum USD 2,806.41 +98.77 (+3.65%)XRP-USD XRP USD 2.03 +0.13 (+6.97%)SOL-USD Solana USD 129.79 +3.99 (+3.17%)BTC-EUR Bitcoin EUR 74,554.32 +1,957.96 (+2.70%)Top economic events