How to Invest in Real Estate with $50K in 2024
Description
Want to know how to invest $50K in real estate? We’re going to show you exactly how to do it, EVEN in 2024. You can use any of the four strategies we share to start investing in real estate with $50K or less, and you don’t need previous real estate investing experience to try them out. Some of these strategies are best for those who already own a home or are willing to invest out-of-state. But even if you want to stay in your area while investing in real estate, we have an option for you!
Okay, so you’ve got $50K (or less) that you’ve saved up for your first real estate deal. Do you immediately start investing? NO. There are a few quick things that you need to do first (don’t worry, they’re free) before you can make your first real estate investment. Following these steps will help you make MUCH better choices on your next investment property and will let you sleep at night if/when things go wrong.
After that, you can choose any of the four beginner strategies to start investing in real estate (we’re not just talking house hacking!). We even share an expert tip about some of the best markets to get into as a beginner with solid demand and lower home prices, allowing you to invest if you’re getting priced out (or have too much competition) in the bigger cities!
In This Episode We Cover:
How (and where) to invest $50K in the 2024 housing market
What you MUST do before you make your first real estate investment
A tax-free way for homeowners to build wealth with properties they already own
The solid rental markets that have cheap home prices
Why you DON’T have to do it alone, and how to increase your investing budget
The one tried-and-true best beginner investment almost every expert agrees on
And So Much More!
Links from the Show
Let Us Know What You Thought of the Show!
Real Estate Rookie YouTube Channel
Get Free Property Management Software for Landlords with Hemlane
Grab Ashley’s Book, “Real Estate Partnerships”
Find an Investor-Friendly Agent in Your Area
See Ashley and Dave at BPCON2024 in Cancun!
Why Your Small Town Is (Probably) the Best Place to Buy Rentals
(00:00 ) Intro
(02:50 ) Can You Start with $50K?
(07:44 ) What to Do BEFORE You Invest
(13:02 ) 1. Add Value to Your Home
(19:10 ) 2. Buy a $160K Rental Property
(25:05 ) 3. Get a Money Partner
(32:21 ) 4. House Hacking
(34:47 ) DON'T Overlook These Markets
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1028
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