Real estate has minted its share of millionaires over the years. Property values and rental rates have historically risen faster than inflation, enabling many real estate investments to enrich their investors.

One of the great things about real estate investing is that anyone can do it. You don't need much money or experience to get started. That's because Congress opened the doors to wealth-creating real estate to everyone in 1960 when it created real estate investment trusts (REITs). These entities own income-producing real estate.

REITs have been wealth-creating machines over the years. According to the data, REITs have outperformed stocks over the long term, delivering an 11.9% average annual return from 1972 to 2021 (compared to 10.7% for the S&P 500). At that rate of return, a monthly investment of $300 in REITs would grow into $1 million in about 30 years.

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Source Fool.com