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Updated 10 months ago on . Most recent reply

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Sarah Ali
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What strategies do you recommend for the following budgets?

Sarah Ali
Posted

Keep reading that to start investing you need money. But what if you have limited funds, even after budgeting, saving, etc, and will continue to have limited funds for the foreseeable future?  SHould you just not get into RE then?  Seems like there has to be options that are relatively low(er) risk and can provide a foot in to start growing funds.

Here are some possible budgets and I'd love your input on how you would start out at some or each of these price points:

$10K, 20K, 30K, 40K, 50K, 60K.

  • Sarah Ali
  • Most Popular Reply

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    Wale Lawal
    #3 Buying & Selling Real Estate Contributor
    • Real Estate Broker
    • Houston | Dallas | Austin, TX
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    Wale Lawal
    #3 Buying & Selling Real Estate Contributor
    • Real Estate Broker
    • Houston | Dallas | Austin, TX
    Replied

    @Sarah Ali

    Real estate investing offers various strategies for limited funds, including house hacking, crowdfunding platforms, wholesalers, lease options, turnkey rental properties, partnerships, and small commercial properties. Loans from the FHA, online investment groups, middlemen, rent-to-buy deals, ready-to-rent homes, and borrowing from private lenders can cost less at the start, grow in value, and give you a steady flow of money. Smaller office or shop buildings might bring in more money but need you to know more about running them. The BRRRR method is when you buy a fixer-upper, fix it, rent it out, refinance it, and then do it all over again. Starting with little steps and going slow can help you learn and gather more cash.

    Good luck!

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