Not every day I find my landlord a 24-year-old Super Bowl champion.
But that's exactly what he learned about his property belongs to Jordon Hudson, who are a few shocked tenants in Boston, the girlfriend of former New England Patriots coach Bill Belichick.
"How does she own real estate? Not 24?" One tenant asked the New York Post after discovering the cheerleader turned into a four-home Dorchester home, which they rented with others for $4,900 a month.
Hudson acquired three multifamily homes at the end of 2023, according to mortgage records from Realtor.com reviews. Her real estate portfolio now includes a $2.2 million townhouse in Dorchester, a nearby $2.3 million property, a $3 million building in the Crossing neighborhood of Roxbury in Boston, and a $610,000 Cape Cod Code in Harwich, about 80 miles southeast of the city.
It's imperial, especially at a time when costs soar, many young Americans price entirely from the housing market.
Dominic Fattoni, a student who allocated $9,100 in monthly rent for an apartment in Hudson, was a confusing discovery: "I'm 21 and we're all trying to pay the rent. I wonder how she fits in all of that."
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While most people can’t achieve Hudson’s rapid rise as a landlord, the good news is that you don’t need millions to start generating passive income in real estate. You don't even need to buy real estate directly.
A popular option is to invest in a REIT or a REIT fund. These companies own and operate income-generating properties such as apartment buildings, shopping malls and office buildings.
Think of the REIT as a giant landlord: it collects rent, manages real estate, and passes at least 90% of its taxable income in the form of dividends.
Since many REITs are publicly traded, investing is as easy as buying stocks. You can buy stocks through a brokerage account and trade them all day long - making REITs one of the most liquid ways to invest in real estate.
There are no huge upfront fees either. Unlike buying a home that usually requires tens of thousands or hundreds of thousands of down payments, you can invest in real estate trusts that you are willing to spend.
The real estate crowdfunding platform offers another accessible option. These platforms enable everyday investors to own part of their shares in a rental property or commercial real estate portfolio – earning a portion of their rental income and benefiting from potential value-added over time.
This article provides information only and should not be construed as advice. It is without any warranty of any kind.