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MORE OPTIONSAGREE Skip to main content Get top content in our free newsletter. Thousands benefit from our email every week. Join here. * News * Investing Back to main menu Investing Getting Started * Best Investing Apps * Best Robo-advisors * Investing 101 * Types of Mutual Funds Investing in Stocks * Stocks * How to Invest in Stocks * How to Sell Stock * What is a Stock Split? 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Subscribe Moneywise Digest Enter email Sign in * Sign in * Join LIVE A RICHER LIFE For every stage of your financial journey, we are here for you. Investing INVESTOR TRIO TURN $100K SCHOOL INTO 31 APARTMENTS By Moneywise American real estate developers are on a conversion spree, turning vacant office buildings into residential units and remaking urban living across the nation. It’s among the growing number of ways ordinary investors can break into real estate to diversify their portfolios beyond stocks and mutual funds. A trio of investors from Pennsylvania recently demonstrated the possibilities when they transformed an abandoned school into a modern apartment complex. Jesse Wig, Adam Colucci, and Dan Spanovich bought Bowtie High – an abandoned high school in the Pittsburgh suburb of Homestead – for just $100,000. Spanovich, a 42-year-old developer, played a pivotal role in assisting his co-investors in converting the dilapidated property into a thriving upscale apartment complex. With an investment of $3.3 million, the team successfully transformed the former school into a 31-unit apartment complex. The project addresses neglected property and the growing demand for affordable housing in the area. It shows how real estate can be an impactful wealth-building add-on to conventional investment vehicles. Thankfully, real estate investments – prized for their ability to generate passive and stable cash flow as a hedge against stock market volatility – have never been this accessible. Today, investors can leverage online platforms and bypass the complexities and heavy lifting associated with property development and renovation. Continue Reading Life BUFFETT'S 'BEST INVESTMENT' TO BATTLE INFLATION By Bethan Moorcraft Retirement 5 MONEY MOVES TO MAKE BEFORE 2024 By Moneywise Investing THE 3 QUICKEST WAYS TO RETIRE ON DIVIDENDS By Vishesh Raisinghani Managing Money SETHI'S ADVICE TO 'POOR' COUPLE MAKING $113,500 By Vishesh Raisinghani Investing HIGH RATES: SHOULD YOU STILL INVEST IN A RENTAL? By Vawn Himmelsbach News RICH, YOUNG AMERICANS ARE STILL DITCHING NY, CA By Vishesh Raisinghani Retirement THE RETIREMENT SAVINGS OF THE AVERAGE 60-YEAR-OLD By Amy Legate-Wolfe Real Estate RICH NEW YORKERS ARE MAKING HOUSING CRISIS WORSE By Serah Louis News A NEW PUSH TO BAN LAWMAKERS FROM TRADING STOCKS By Bethan Moorcraft Real Estate RICH NEW YORKERS ARE MAKING HOUSING CRISIS WORSE By Serah Louis News A NEW PUSH TO BAN LAWMAKERS FROM TRADING STOCKS By Bethan Moorcraft Life BUFFETT'S 'BEST INVESTMENT' TO BATTLE INFLATION By Bethan Moorcraft Retirement 5 MONEY MOVES TO MAKE BEFORE 2024 By Moneywise Investing THE 3 QUICKEST WAYS TO RETIRE ON DIVIDENDS By Vishesh Raisinghani Managing Money SETHI'S ADVICE TO 'POOR' COUPLE MAKING $113,500 By Vishesh Raisinghani Investing HIGH RATES: SHOULD YOU STILL INVEST IN A RENTAL? By Vawn Himmelsbach News RICH, YOUNG AMERICANS ARE STILL DITCHING NY, CA By Vishesh Raisinghani Investing 3 VACCINE STOCKS TO WATCH AS BOOSTER DEMAND DIPS By Bethan Moorcraft Retirement THE RETIREMENT SAVINGS OF THE AVERAGE 60-YEAR-OLD By Amy Legate-Wolfe Real Estate RICH NEW YORKERS ARE MAKING HOUSING CRISIS WORSE By Serah Louis News A NEW PUSH TO BAN LAWMAKERS FROM TRADING STOCKS By Bethan Moorcraft Life BUFFETT'S 'BEST INVESTMENT' TO BATTLE INFLATION By Bethan Moorcraft Retirement 5 MONEY MOVES TO MAKE BEFORE 2024 By Moneywise YOUR MORTGAGE. YOUR TERMS. Get personalized rates from top lenders and lock in the best interest rate for you. Get personalized rates MORTGAGE RATES * 30 Year Fixed * 15 Year Fixed * 5 Year ARM 20112012201320142015201620172018201920202021202220232.03.04.05.06.07.08.0 HERE FOR YOU. AND YOUR MONEY. We invest hours researching and interviewing world-renowned experts about what matters with your money. Mortgages, personal loans and investing are our specialties. 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