How can I build generational wealth?

Generational wealth is more attainable through real estate than people realize. Combining real estate strategies like investing in REITs or multifamily syndications, using the BRRRR method and house hacking can be excellent ways to build generational wealth. The information provided here is not investment, tax, or financial advice.

What is generational wealth?

Investopedia defines generational wealth like this: “Generational wealth refers to financial assets passed by one generation of a family to another. In some cases, assets are transferred after death in the form of an inheritance. In others, they are passed to the next generation while the giver is still alive.”

How does generational wealth affect the racial wealth gap?

In recent years, generational wealth has become a focal point in discussions about the racial wealth gap and the increasing concentration of wealth in the U.S. because it plays a substantial role in both. Generational wealth refers to assets passed from one generation of a family to the next.