There are lots of myths surrounding real estate investment and how you can get started. While there are many, here are three ways you can get started—even while trying to build bigger pockets.
In this video, I break down three common ways to get started. (And no, none of them include HGTV-style flipping…)
1. Be a landlord
Find a property to invest in. If you don’t have a lot of startup capitol, you can look into FHA loans. Next, find tenants, and start collecting rent!
2. Become a Partner
You can invest in someone else’s rental property by partnering with a landlord. This is called passive investing. You won’t have the headaches that come with being a landlord or a property manager, but you still get the benefits of appreciation, cash flow, etc.
3. Invest in Real Estate Securities
Check out the stock market for real estate holding companies. You can buy a share for as little as $20 or $30. Or, check out a crowd funding platform to invest in a property for as little as $1,000.
What are some creative ways you got into real estate?
Share your ideas and experiences below!