Accountant · Miami, FL · Member since 2015 · 3 posts · 0 votes
I've been contemplating the idea of becoming a real estate investor for some time now, but kept putting it aside to save up enough for a good down payment. Unfortunately, I haven't been able to save as much as I'd like. Any advise or suggestions on how to start investing with little cash to begin would be much appreciated. I have a FICO score above 700 if that even matters. Thanks!
@Erik Munoz I think every person has been in your shoes at one point or another. If not Real Estate Investing, than something else. I've answered this question a few times. And each answer seems to keep the same idea. No one can tell you how to start if you are unsure which path to take. There are many facets of real estate investing, and many routes. The most common you will hear about would be Buy/Hold, Wholesaling, or Flipping. Wholesaling seems to be the most common when there is little to no cash available to start up... although Brandon Turner DID write entire book on investing with No to Low money down (Investing with No and Low Money Down by Brandon Turner).
If I were in your shoes, I would educate myself in the various facets before deciding which way to choose. I would listen to every podcast (Podcasts!), as it is free, and there is wealth of information in there. Did I mention it's FREE? I guarantee after listening, your outlook will change and you will have a more clear approach.