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Updated about 4 years ago on . Most recent reply

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23
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11
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Justin Badillo
  • New to Real Estate
  • Colorado Springs, CO
11
Votes |
23
Posts

Best way to start investing in real estate

Justin Badillo
  • New to Real Estate
  • Colorado Springs, CO
Posted

I am starting to educate myself in real estate investing and the biggest issue that I have is that I really don’t have any money to start. I’m young and beginning my professional career but also have a passion for real estate investing and cash flow. What’s the best place to start and/or find funding? I know hard money/soft money lending are options but not sure where to find those either. Thank you!

P.s. I’ve tried wholesaling but not a huge fan. If it is the best option I’ll continue to pursue it though..

Most Popular Reply

User Stats

338
Posts
218
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Tom Wagner
  • Real Estate Agent
  • Minneapolis
218
Votes |
338
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Tom Wagner
  • Real Estate Agent
  • Minneapolis
Replied

While this forum is a great place for investors to offer their opinions and discuss different options, there's only one right answer here: a 3.5% down house hack via the FHA or FHA 203k loan, ideally to buy a triplex or fourplex

When used responsibly, this move has a 95%+ chance of jumpstarting your real estate career and generating more wealth than any other option. It is truly the only way to generate returns meaningful enough to change your life with as little as a few thousand dollars down.

If you are really short on cash you can ask the seller to cover the UFMIP and/or closing costs.

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