If you have just $10,000, you can start investing in real estate THIS YEAR, even with ZERO experience. How are you going to do it? In this episode, we’re breaking down the most beginner-friendly ways to build a real estate portfolio with low savings, a median income, and bills to pay. While this might not be the easiest road to real estate riches, within just a few years, you could be sitting on multiple investment properties IF you make the right moves.
Dave Meyer, David Greene, and Rob Abasolo all started investing without much cash in the bank. They had to budget, save, and build up their finances to get their first rental property in the bag. But, once they started investing, it was hard to stop. Now, they all have financial freedom-enabling real estate portfolios that spit out plenty of monthly cash flow. And they’re here to help you build wealth, too!
Dave, David, and Rob share their favorite ways to start from scratch when investing in real estate, how to best use $10,000 to get in the game, the one beginner investing strategy that EVERYONE should try, and how to use other people’s money to grow your real estate portfolio even faster! So, if you want to make 2024 the year YOU start investing, even if you don’t have a ton saved up, stick around!
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Show notes at:
00:00 Intro
00:50 Starting with $10K
08:54 1. House Hacking
14:03 2. Co-Hosting
16:13 3. Going Back to School
17:55 Best Type of Property
22:43 Partnerships
29:05 The "Sneaky" Rental
34:32 Start from Scratch!
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By: BiggerPockets Title: How to Start Investing in Real Estate in 2024 on an AVERAGE Salary Sourced From: www.youtube.com/watch?v=skfeDAlZ27w
