I have $500 to start my real estate dream, where do I start?

I have $500 to start my real estate dream, where do I start?

Wilmington, NC · Member since 2018 · 1 post · 0 votes
Can I even get started in real estate with $500?
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
8y

get a paying job in the industry and save.. 

real estate is not an industry or job that you can do without resources of a financial nature .

but you can get hired on to do many jobs in and around real estate and earn while you learn.

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  • Rental Property Investor · South shore, MA · Member since 2017 · 1k+ posts · 1k+ votes
    8y

    I know Real Estate Exam prep courses are less than $500... Not a bad place to start

  • San Diego, CA · Member since 2018 · 6 posts · 5 votes
    8y

    Personally, depending on your situation, I would start with stuff that is free. Education (on this site) is priceless, and free. Also, try to find some players in your market and see if you can follow them around, answer phones, or do some work for them for free. Education is everything in this business, and it will help you to avoid making very expensive mistakes. My two cents. I am choosing to save up some capital until I can afford to handle mistakes, before I jump into a 6 figure decision. Best of luck!

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    get a paying job in the industry and save.. 

    real estate is not an industry or job that you can do without resources of a financial nature .

    but you can get hired on to do many jobs in and around real estate and earn while you learn.

  • Investor · Oak Harbor, WA · Member since 2017 · 86 posts · 60 votes
    8y

    @Daniel White to add to suggestions of others, start networking in-person and ask to shadow others while offering to help in some way. Experience with handyman work, or painting, offer to do it.

    Also, put that $500 in an account that is not to be touched except for real estate. 

  • Rental Property Investor · Los Angeles, CA · Member since 2011 · 122 posts · 67 votes
    8y

    Great advice here. Getting a job in the real estate industry would be a great way to get your feet wet in real estate and get paid. You could be a property manager, handyman, leasing agent, real estate agent. Or find a way to add value to a local real estate investor, shadow them, and get paid a small base salary to cover your expenses.

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