How to Build Wealth in Real Estate When You Have a Family (& Can’t Afford to Take Risks)

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One of the BiggerPocket’s members submitted a question, and I decided to jump in and answer it. The question was, “I have two young kids and a mortgage on my residence. I’m interested in small victories, not home runs. What’s a specific, low-risk path I could take in real estate?”

Related: The Risk Paradox: How (& Why) Investors Fail to Gauge Investment Risk Correctly

How to Invest in Real Estate While Working a Full-Time Job

Many investors think that they need to quit their job to get started in real estate. Not true! Many investors successfully build large portfolios over the years while enjoying the stability of their full-time job. If that’s something you are interested in, then this investor’s story of how he built a real estate business while keeping his 9-5 might be helpful.

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How to Use Low-Risks Paths to Build Wealth

This question really got my wheels turning. I started thinking about how someone with obligations like a family and a job could get into this game and build their wealth without taking major risks like quitting their job or putting their family or long-term goals in jeopardy. In today’s video, I discuss low-risk paths to building your wealth and becoming rich in the long run.

As always if you enjoyed this video, please leave a comment, or want to jump in and get into a discussion on passive investments!

Have a great week!

About Author

Matt Faircloth

In 2005, Matt founded The DeRosa Group along with his wife, Elizabeth. At the time, the two person company owned and managed two assets – a single family home and a duplex. Over the last nine years, they have grown the company to a 12 person team owning and managing over five million dollars in residential and commercial assets throughout the central NJ and Philadelphia area. One of DeRosa’s mantras is “to make money while making a difference.”

15 Comments

  1. joseph young

    I have six kids ages 1-11. We were two years into a thirty year mortgage when we moved out of our house in order to rent it out. We are living with mom until we can make our next move. Our ego is taking a hit, but it will be worth it as we build our portfolio.

    • Matt Faircloth

      Hey Joseph,
      Thanks for the comment! I’m sure your Mom is a big help with those 6 kids! You and your wife are on a unique path, sometimes that’s the path it takes to get where you want to go. A wise man told me “observe the masses and do the opposite”. Not many of the masses would do what you did, and I hope that is what makes the difference for you. Just make sure you and your wife have clear 1,3, and 5 year goals and a plan to get there. Best of luck!
      Matt

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