Ways to invest without buying power
This year marks my first year as a real estate investor. I have 2 properties, one to be completed by the end of the year and the other by mid next year. All my assets are currently lock up to the 2 properties. I find myself sitting and waiting for the completion of those properties while I'm feeling to engage onto another investment. As a novice, I'm not sure if there are other ways to acquire another property without my buying power. Are there avenues I can look into? or should I just sit and wait for the completion of the 2 properties while saving $$ from my 9-5 job?
Most Popular Reply
Welcome to BP @Jennifer Tan
If you are still completing your first projects and your money is tied up, moving on to another is high risk. Focus on getting the first two done and getting your payday. A common mistake for new investors is trying to grow to fast.
Having said that, you can do a wholesale deal for virtually no money (except marketing to find the deal) and that will help build cash. Good luck - Ned