Berkshire icon Charlie Munger believed homeownership is for families. How to invest in real estate without buying a home

Core Insights - The U.S. home equity market, valued at $36 trillion, is becoming more accessible to accredited investors through platforms like Homeshares, which traditionally catered to institutional investors [1] - New investment platforms are facilitating entry into the real estate market, allowing individuals to diversify their portfolios beyond primary residences [1][7] - Real estate is highlighted as a significant wealth-building asset, with approximately 45% of household net worth in America tied to primary residences [4] Investment Opportunities - Investors can take leveraged positions in real estate, benefiting from property value appreciation and accumulating equity over time, contrasting with renting [2] - Crowdfunding platforms like Arrived enable non-accredited investors to enter the real estate market with investments as low as $100, providing access to rental and vacation properties [7][8] - The U.S. Home Equity Fund allows accredited investors to invest a minimum of $25,000 in owner-occupied homes, targeting risk-adjusted returns of 14% to 17% [6] Commercial Real Estate - The commercial real estate sector, valued at $22.5 trillion, has historically been accessible only to elite investors, but platforms like First National Realty Partners are changing this [11] - Investors can participate in grocery-anchored commercial properties with a minimum investment of $50,000, benefiting from Triple Net leases that minimize tenant-related costs [12] Real Estate Investment Platforms - Mogul offers fractional ownership in high-quality rental properties, allowing investors to earn monthly rental income and tax benefits without the burdens of property management [13] - Each property on Mogul's platform is vetted for a minimum 12% return, with an average annual IRR of 18.8% and cash-on-cash yields between 10% and 12% [14][15] - Real estate ETFs and stocks provide another avenue for investors to gain exposure to the real estate market through the stock market, allowing for diversified risk across various property types [16]