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Updated about 8 years ago on . Most recent reply
how to start with little money
Hello guys, hope this is the right spot for this question I apologize if not. I'm looking for the place to start in real estate investing even though as of now working as a contractor I don't make enough to start buying properties what's the best strategies to get started and what advice can you give? Any help/direction is appreciated thank you in advance for your time
Most Popular Reply
There are many beginning options however none will work if you do not modify your life style to optimise your savings. Most people waste a very large portion of their income on wants as opposed to needs. Most people also do not recognise what a want actually is.
If you begin now to live frugally you will establish a strong long term strategy for successful investing.
You need to save money to be a investor, pay off all bad debt and fully understand the value of cash for investing.
Step one is downsize your life style and find a way to save every penny. Set a goal initially of paying off all debt, stop using credit, save an additional $500/month minimum.