Passive real estate investing can offer exposure to cash flow, appreciation, tax benefits, and diversification without requiring you to become a landlord. But passive does not mean risk-free. This guide breaks down syndications, private lending, turnkey rentals, REITs, and how to choose the right strategy for your goals.

Boutique hotels are not passive leased assets. They are operating businesses that are attached to real estate. For LP investors, that creates more complexity—but also the potential for daily pricing power, inflation responsiveness, and asymmetric upside when the right asset, market, and operator come together.