When it comes to real estate you have two options. Option number Uno; Renting a liveable building out. Be it a small apartment, home or large building for businesses, these examples are only considered an asset if their renters rent money covers all necessary expenses to maintain said building. Second of course is Flipping. Though the laws have changed in regards to flipping, the basic idea is you purchase a house at a lower cost only to sell it in a short amount of time at a higher price.
Businesses come off in the same manor as real state. If you can buy companies for a low cost and sell them off at a higher gain of income. Ideally you want to own a business where you do not work there. Allowing it to be ran in your absence while it earns you income without your time being spend dealing with its day to day needs. Maybe in the beginning of a business you work a little, but work to not work one day.
With research you’ll find some amazing deals out there. Also, think outside the box, or in this case, the state you are currently living in. Deals come up all over the world. Even businesses workout the same way. If you start up a company, remember sometimes you can start in your own home and build it up with the “3 needs of success” and then take it from there. These are easy ventures with a little well spent time into investigation your options. Trust people, research who you are dealing with and some of your best Asset decision will come from all your hard work.