How to begin real estate investing without a large lump sum?
AJ asked:
I don’t have a huge lump sum of cash accumulated at this point; however, I make a decent salary. Is there a way to invest directly in real estate incrementally other than REITs?
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I don’t have a huge lump sum of cash accumulated at this point; however, I make a decent salary. Is there a way to invest directly in real estate incrementally other than REITs?
January 20th, 2010 at 4:56 pm
I don’t know the idea behind the lump sum, but you can get a loan. Start with the basics of course. Find the potential house or property that you think will be worth your investment. Find a loan, then buy the house. You can then increase the value of this property by fixing it. Then it’s up to you if you want to rent or sell it. I would advice you to find investors in your area which you can learn from. Either way, you can find and search online. This can help you get started in real estate investing. Courtney J
January 22nd, 2010 at 5:09 pm
You can always wholesale real estate. What this is, is you find a real estate deal and put it under contract to buy and find someone else to pay more and assign your contract for a fee.
You can always lend money out to real estate investors for a 15% interest rate so they can buy and sell houses.
You can get a line of credit at 6% and have a mortgage broker lend it out for you at 15%. These are called hard money loans. They don’t exceed more then 70% of the value of the houses. aaronwilliams123456