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Updated 4 months ago on . Most recent reply

Dominic Joseph Jean's profile image
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Dominic Joseph Jean
  • New to Real Estate
  • from Bozeman, MT
  • Member since Aug 19, 2024
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Dominic Joseph Jean's profile image
Dominic Joseph Jean's profile image
Dominic Joseph Jean
  • New to Real Estate
  • from Bozeman, MT
  • Member since Aug 19, 2024
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Dominic Joseph Jean
  • New to Real Estate
  • Bozeman, MT
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Starting Out

Creating wealth in real estate

Dominic Joseph Jean
  • New to Real Estate
  • Bozeman, MT
Posted

I am wondering how do I create financial freedom through real estate? What are some steps I can take to create wealth in real estate?

Gallatin County, Montana
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Andrew Syrios
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  • Residential Real Estate Investor
  • from Kansas City, MO
  • Member since Feb 24, 2014
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Andrew Syrios's profile image
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Andrew Syrios
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  • from Kansas City, MO
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Andrew Syrios
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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorReplied

One step at a time. It's definitely a "get rich slow" scheme. The vast majority of your wealth gain in real estate will be by holding properties long term and the appreciation/principal paydown will slowly but surely help you become wealthy.

For 90% plus of people out there who are looking to start, house hacking is the best way to go. You just can't beat the financing available, the rate is good but the LTV (96.5% on FHA loans) is unbeatable.

  • Andrew Syrios
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