Investing with little income

[Ben Giddens]

I make $34,000 a year and am wondering how people start investing in multiple properties without having the active income to sustain the mortgage in a scenario where the units might be vacant

[Nathan Gesner]

Quote from @Ben Giddens:

I make $34,000 a year and am wondering how people start investing in multiple properties without having the active income to sustain the mortgage in a scenario where the units might be vacant

A lot of people say you can invest in real estate with no money down, but it's a fool's errand. It takes money to invest. If you borrow the money from someone else to get started, you are over-leveraged and likely to fail.

Wise investors will increase earnings, reduce expenses, sacrifice, and save up. As you gain experience and increase income, then you can take greater risks and increase leverage.