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Updated over 7 years ago on . Most recent reply
How to get into real estate without a lot of risk or debt?
I am new to bigger pockets as well as to real estate investing. I wanted to see who can give me an advice on how to start real estate investing. What motivated me to get into real estate was by reading the book "Rich Dad Poor Dad" which I'm sure many of you are familiar with the book. It talks about using assets to produce cash flow which also includes liabilities as well as taking risk. Well when i finsihed the book I went on and read "The total money makeover" by dave ramsey which talks about getting out of debt and pay your house in cash so on. My question for you guys is in real estate which path or strategy would you go into? And how can you succeed from it?
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No risk ........ No reward.
If there was a way to invest without risk or debt there would be no money to be made.
For those investing without debt they earn next to no actual profit based on the amount of cash they have "parked" in a property. Returns would be higher for them if they put their money in a REIT or income fund and avoided the liability of owning brick and mortar..