We all know that buy and hold real estate investing is one the best ways to achieve financial freedom and a secure retirement.
"Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth." -Robert Kiyosaki
The biggest challenge new investors face is the high barrier to entry. Real estate is expensive, and conventional investment financing requires 25% down. With many 4-plexes selling for over $600k, you need at least $150,000 for a down payment.
Here are the Top 5 ways to get started if you’re not sitting on at least $150,000 in your savings account:
When implementing any of these strategies, it’s important to develop an investor mindset and make your purchase with your investment plan in mind. You might have to take a little bit of a lifestyle hit or deal with a slightly longer commute in the short run, but in the long run, you’ll own your future and have even more options to live the life you want. There is no one size fits all. If you’re planning to house hack, buying a one-bedroom condo in the heart of the city might not be a good option, but if you want to live in flip, you could benefit from the fast appreciation in a hot neighborhood.
It’s important to work with an investment savvy real estate broker to help develop and execute your plan.
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