Real Estate Investing For Beginners: How To Get Started

 


 

Diving into Real Estate Investing: A Beginner’s Compass

 

For many years, real estate has consistently been viewed as a secure investment, regardless of whether you’re flipping properties, renting them out, or holding them for the long term. At BiggerPockets.com, a question that has frequently topped the list from real estate investors we serve is, “How do I actually get started in real estate investing?”

Individuals from across the globe have flocked to BiggerPockets seeking answers to this very query. While some might suggest a single, universally applicable solution, that’s simply not the reality. We’ve crafted this beginner’s guide to help demystify the process and clarify how you can embark on your real estate investment journey.

Of course, this guide isn’t an exhaustive “how-to” manual. It won’t delve into every single facet of real estate investing. Instead, its purpose is to offer a broad overview of the most effective ways to begin your path toward financial freedom through real estate assets.


 

Why Consider Real Estate Investments?

 

There are numerous places you can choose to allocate your money beyond just stashing it under your pillow, including stocks, bonds, savings accounts, mutual funds, Certificates of Deposit (CDs), currencies, commodities, and, of course, real estate. Each investment avenue comes with its own set of advantages and disadvantages. However, since our focus here is squarely on real estate, we’ll concentrate solely on that.

One of the most frequently cited reasons for investing in real estate is the pursuit of financial freedom, though many other motivations exist. Naturally, each individual will have their unique personal reasons. Typically, they are seeking one or several of the following benefits:

  • Appreciation: The increase in a property’s value over time.
  • Cash Flow: The net income from a property after expenses.
  • Depreciation: A tax deduction that allows investors to recover the cost of an asset over time.
  • Leverage: Using borrowed capital to increase the potential return of an investment.
  • Tax Benefits: Various deductions and advantages that can reduce taxable income.

The decision to embark on real estate investing is deeply personal, and we highly recommend ensuring that you and your family are entirely committed before taking the leap.


 

Discovering Your Investment Strategy

 

When learning how to invest in real estate, merely understanding various property types isn’t enough. As an investor, you’ll employ diverse strategies within these investment niches to generate wealth. The following section explores three of the most common strategies beginners can use to make money through these assets.

 

Buy and Hold

 

Perhaps the most conventional form of real estate investment, the buy-and-hold strategy involves acquiring a property and leasing it out for an extended period. It’s arguably the most straightforward and fundamental approach to real estate investing.

Essentially, a buy-and-hold investor aims to build wealth by renting out the property and either collecting consistent monthly cash flow or simply retaining the property until it can be sold for a future profit. Among the benefits of this strategy is that while you own the property and rent it, the mortgage principal is steadily reduced each month, decreasing your outstanding balance and increasing your equity over time.

One of the most crucial aspects for a new buy-and-hold investor to grasp is how to effectively evaluate deals and opportunities. By far, the most common error we observe among new investors adopting this strategy is purchasing poor deals simply because they lack a proper understanding of property evaluation. Other frequent issues include underestimating expenses, making ill-advised tenant selection decisions, and failing to manage assets correctly. However, these pitfalls are avoidable if you simply dedicate time to learning the business. Diving in without adequate education can prove extremely costly, both financially and, at times, legally.

Ultimately, there’s more to buy-and-hold investing than initially meets the eye. Yet, if you can master the art of evaluating and acquiring solid deals, securing reliable tenants, and managing your assets effectively, you’ll be well on your way to operating a thriving business.


 

Flipping Houses

 

One of the most widely publicized tactics for generating income in real estate, largely due to its prominent portrayal on numerous cable TV programs, is house flipping. This practice involves purchasing a piece of real estate at a discounted price, enhancing it in some manner, and then reselling it for a profit. In essence, the flipping model closely mirrors the retail concept: “buy low, sell high.”

Flipping is not a passive endeavor; rather, it functions akin to an active full-time job. When an investor pauses their flipping activities, they cease earning income until they resume. Many investors leverage flipping to cover their daily expenses and to fund other, more passive, investments.


 

Wholesaling

 

The wholesaling process entails identifying attractive real estate deals, securing them under contract, and then selling that contract to another buyer. Generally, a wholesaler never actually takes ownership of the property they are dealing with. Instead, a wholesaler adeptly identifies promising opportunities through various marketing strategies, places them under contract, and then assigns that contract for what’s known as an assignment fee. This fee typically ranges from $500 to $5,000 (or potentially more, depending on the deal’s scale). Essentially, a wholesaler acts as a middleman, compensated for finding lucrative property deals.

Some wholesalers opt to sell their contracts to retail buyers, but the majority sell to other investors (often house flippers), who are typically cash buyers. When working with these cash buyers, a wholesaler can often receive payment within days or weeks, simultaneously building strong connections within the real estate community.

Many investors choose to begin with wholesaling due to its perception as a low-startup-cost, straightforward strategy. Since the property is never actually owned by the wholesaler, there are no renovation expenses, loan fees, contractor management, tenant issues, bank dealings, or other common complexities. Wholesaling is frequently touted as the most popular strategy by real estate “gurus.” Consequently, it often receives significant attention, although achieving success as a wholesaler is often more challenging than these gurus suggest.

Don’t worry if you haven’t yet decided which strategy you want to pursue—this is simply the initial phase of your education. Learning the nuances of real estate investment takes time.


 

Rental Properties

 

Another significant avenue to explore in real estate investing involves rental properties. A rental property is a real estate asset acquired with the primary goal of generating income through tenant rent payments. As the owner of a rental property, you assume the role of landlord, responsible for property management, tenant acquisition, and premises maintenance.

The advantages of investing in rental properties are extensive. First and foremost, they provide a consistent stream of passive income. By collecting monthly rent, you can establish a dependable cash flow to supplement your earnings or even serve as your primary revenue source. Moreover, rental properties offer the potential for long-term appreciation. As property values gradually increase, your investment’s worth can grow, allowing you to build equity and potentially sell the property at a profit in the future.


 

REIT Investing

 

REIT (Real Estate Investment Trust) investing is a popular method for individuals who wish to invest in real estate without the direct responsibilities of ownership and management. In its simplest form, a REIT functions for real estate much like a mutual fund does for stocks. A collective of individuals pool their funds to form a REIT. This alliance enables the REIT to acquire substantial real estate assets, such as sprawling shopping malls, large apartment complexes, towering skyscrapers, or bulk portfolios of single-family homes. The REIT then distributes its profits to its individual investors.

You can purchase shares in a REIT through your standard stock brokerage account, and they frequently offer relatively high dividend payments. This represents one of the most hands-off approaches to real estate investment, but it’s important to set realistic expectations: the returns typically won’t match those generated by more active, hands-on investing.


The following list outlines the most common property types encountered by real estate investors. Each category also includes numerous sub-categories, but remember, you don’t need to be an expert in all of them. This is simply a list designed to give you a high-level understanding of the available options.

  • Raw Land: Simply undeveloped earth. Land can be improved (adding value), leased or rented for cash flow, or subdivided and sold for profit. Some investors acquire raw land hoping (or planning) to sell it for future external developments, such as highways or housing projects.
  • Single-Family Houses: Perhaps the most common initial investment for many first-time investors. Single-family homes are generally straightforward to rent, sell, and finance. However, in certain regions, the rents from single-family rentals (SFRs) might not be sufficient to generate positive cash flow.
  • Multifamily Houses (Duplexes, Triplexes, Quads): Small multifamily properties (two to four units) combine the financing ease and straightforward purchase benefits of a single-family home. When acquired wisely, these can produce substantial cash flow, and competition is often less intense than for single-family homes. Best of all, these properties can serve as both a solid investment and a personal residence for the savvy investor. By purchasing a small multifamily property, you leverage economies of scale as only one loan is needed to secure multiple units. A key appeal of these investments is that most banks evaluate small multifamily properties (under five units) using the same guidelines as single-family houses, which can simplify loan qualification.
  • Small Apartment Buildings: Generally comprising between five and 50 units, though the distinction between “small” and “large” isn’t always rigid. Properties with over 50 units can be more challenging to finance than single-family homes or two-to-four-unit properties because they adhere to commercial lending standards rather than residential ones. Nevertheless, these properties often provide significant cash flow for investors willing to manage their more intensive operational demands. Additionally, there’s typically less competition for this property type, as they are often too small for major professional Real Estate Investment Trusts (REITs) to consider. Instead of being valued based on comparable properties (“comps”), the value of these properties is assessed primarily on the income they generate. This creates a vast opportunity to enhance value by increasing rents, reducing expenses, and efficiently managing the property. These properties are ideal for utilizing on-site managers who handle management and maintenance in exchange for free or reduced rent.
  • Large Apartment Buildings: This category refers to the extensive complexes found nationwide, often featuring amenities like swimming pools, fitness centers, full-time staff, and substantial advertising budgets. These properties can cost millions but can also yield stable returns with minimal direct involvement from the investor. Many large apartment complexes are owned through syndications—smaller groups of investors who pool their resources.
  • Commercial Properties: Commercial investments vary dramatically in size, style, and purpose but fundamentally involve property leased to a business. Some commercial investors lease buildings to small local businesses, while others lease expansive spaces to supermarkets or large retail chains. While commercial properties often offer strong cash flow through consistent payments, they may also entail significantly longer vacancy periods; commercial spaces can sometimes remain empty for months or even years. Unless you possess a very robust financial standing, investing in commercial real estate is generally not recommended for beginners.
  • Mobile Homes: You can begin investing in mobile homes with minimal out-of-pocket expenses. Whether it’s a home within a mobile home park or on its own land, many strategies employed in other types of real estate investing can be successfully applied to mobile homes.
  • Tax Liens: When homeowners fail to pay their property taxes, the government (local, state, or federal) may foreclose and then resell the property to investors for the amount owed. This can often lead to incredibly inexpensive properties. However, it’s crucial to conduct thorough due diligence and avoid entering this type of investing unprepared. Tax-lien sales are complex transactions demanding research, knowledge, and experience.
  • Notes: Investing in “notes” involves the buying and selling of paper mortgages. When a home is purchased with a loan, a “note” is created detailing the terms of the contract. For example, if an apartment owner sells their property for $1 million and offers to carry the full note (thus allowing the buyer to avoid a bank loan), the new buyer would make annual payments of 8% for 30 years until the full $1 million is repaid. If the original owner later decides they no longer wish to be involved, they might sell the mortgage to a note buyer. Like other real estate investments, a note will often be sold at a discount if the seller is motivated. A note buyer then begins collecting the monthly mortgage payments and can either hold the note or resell it in the future.
  • Real Estate Investment Groups (REIGs): In a Real Estate Investment Group (REIG), members typically contribute funds to a collective pool. These funds are then used to acquire and manage real estate properties, which can range from residential homes to commercial buildings or even large-scale developments. The group collectively makes decisions regarding property selection, financing, and management, with the shared goal of generating profits through rental income, property appreciation, or both. One of the primary benefits of REIGs is the ability to leverage the combined knowledge and experience of other group members. This can be particularly advantageous for beginner investors who may have limited expertise in real estate. Through shared resources and collaborative decision-making, REIGs create a supportive environment where investors can learn from one another, gain valuable insights, and navigate the complexities of property investment with enhanced confidence.

 

Selecting Your Niche and Strategy

 

Have you ever received a box of chocolates as a gift? There are always so many choices, and sometimes you need to take a small bite to figure out precisely what’s inside. In a way, learning how to invest in real estate is much like that box of chocolates. There are dozens (if not hundreds) of different ways to generate income as a real estate investor, and it’s up to you to identify the specific niche you want to enter.

You might absolutely love some niches and strategies, while others might make you shudder. You certainly don’t need to choose them all. The key to successful real estate investing lies in selecting one niche and dedicating yourself to becoming an expert in it. This section will open up that “box of chocolates” for you to sample, revealing the most common real estate niches.

Remember, once you pinpoint the niche you want to begin with, you’ll be able to narrow your focus, develop expertise, network within that specific area, and commence building wealth by executing a clear action plan.


 

Sourcing Investment Properties

 

You won’t kick off your investing career by immediately landing a massive check; those types of payouts arrive after you’ve successfully implemented your investment strategies. Crucially, the profits you stand to make can either be secured or lost at the very moment of purchase. So, what exactly does it mean to “profit when you buy?”

To profit “when you buy,” you must acquire a property at a price that guarantees your desired returns, based on your ability to execute your chosen exit strategy. In simpler terms, you need to buy intelligently. If you significantly overpay for a property, no amount of wishing, hoping, or even improving it will make your investment worthwhile.

While you can’t predict market movements with 100% accuracy, you can certainly assess its current state.

 

Your Investment Property Shopping Criteria

 

Now that you grasp the importance of securing a great deal (to lock in your profits from the outset), it’s time to start searching for a property. Before you do, meticulously define your selection criteria. This section will focus on what criteria are, why they matter, and how to establish yours.

Your selection criteria are designed to keep you laser-focused on finding exactly what you need, preventing you from squandering money on other appealing but unsuitable options along the way. Having a clearly defined set of criteria will help you maintain focus, avoid “analysis paralysis”—and keep you on track to acquire an excellent investment property. By defining your criteria, you’ll effectively narrow down the market choices, thereby eliminating the vast majority of deals (which can often be distractions). Instead, you’ll concentrate solely on identifying the types of deals that genuinely interest you.

 

Creating Your Selection Criteria

 

Several different items are worth considering for your criteria list. These might include:

  • Town/City: Specific geographic areas you’re interested in.
  • Neighborhood: Desired local communities.
  • Property Size (Square Feet): The total living or usable area.
  • Lot Size: The size of the land the property sits on.
  • Property Condition: The current state of the property (e.g., turnkey, needs minor repairs, fixer-upper).
  • Number of Units: For multi-unit properties.
  • Cap Rate (Capitalization Rate): A measure of the rate of return on a real estate investment property based on the income that the property is expected to generate.
  • Cash Flow: The net income generated by a property after all operating expenses and mortgage payments are considered.
  • Appreciation Potential: The likelihood of the property increasing in value over time.

No one can definitively tell you what your investment property criteria should or should not include. Some elements will come down to personal preference, such as “I only want to buy in Seattle,” or “I only want houses with basements.” However, the majority of your chosen criteria will be specific to your chosen investment strategy. For instance, if you aim to be a buy-and-hold investor focusing on small multifamily units, your criteria will specifically include small multifamily properties and exclude old commercial buildings.

If you simply tell people, “I am looking for real estate,” the most likely response will be, “Good for you.” However, if you specify that you’re seeking a small, single-family house in the Rockford neighborhood for under $150,000, you enable others to recall properties that match that description, which could ultimately connect you with a valuable deal.

 

Understanding Investment Property “Rules”

 

Perhaps the most crucial aspect of the criteria you’ll assemble is the financial component. Generally speaking, a property listing won’t publicly disclose all the vital financial information you’ll need. Yes, you can usually determine the income a property generates. Still, you won’t immediately know the precise monthly cash flow it will produce, how significantly overpriced it might be, or the optimal amount you should offer.

Furthermore, it won’t be practical to abandon your spreadsheets and conduct a full property evaluation for every single deal you briefly glance at. This is where “rules of thumb” come into play. Applying these rules will help you quickly assess a property’s financials on the fly. As with any rule of thumb, it’s not always an exact science and should never be solely relied upon to determine whether a property is a good investment.

  • 1% Rule: According to the 1% rule (formerly the 2% rule – how times have changed!), the monthly rent should be approximately 1% of the purchase price. In other words, a $100,000 home should rent for $1,000 per month; a $50,000 home should rent for $500 per month. This is a very conservative and simplified estimate, but it can help quickly decide if a property warrants a more in-depth look.
  • 50% Rule: The 50% rule is a useful guideline that can help predict, with reasonable accuracy, how much a property’s expenses will cost you each month. The 50% rule simply states that 50% of your income will be allocated to expenses – excluding the mortgage payment. As mentioned, most real estate listings will provide the property’s monthly income. By dividing that number in half, you can easily estimate how much you’ll have remaining to cover the monthly mortgage (principal and interest). Any income left over after covering the 50% for expenses and the mortgage payment will constitute your cash flow.
  • 70% Rule: Investors utilize the 70% rule to rapidly determine the maximum price they can afford to pay for a property based on its After-Repair Value (ARV). While this rule is most commonly applied by house flippers, it can effectively be used for any strategy when seeking a good deal. The 70% rule dictates that you should only pay 70% of the after-repair value, minus the cost of repairs.

Remember, a rule of thumb should only serve as a quick and efficient screening tool to ascertain if a property merits further investigation. Never use a rule of thumb as the sole basis for deciding the exact purchase price or whether or not to invest. Do not confuse a rule of thumb with an excuse to skip your homework.

 

Where to Locate Real Estate Investments

 

Once your criteria are established, it’s time to begin your search for an investment property. Undoubtedly, you’ve seen “For Sale” signs outside homes, but there are many other avenues for finding investment properties. This section will explore various methods for sourcing properties. This list isn’t exhaustive but offers a solid starting point for new investors.

  • Multiple Listing Service (MLS): The MLS is a comprehensive database of properties listed for sale by various real estate brokers across the country. When you search websites like Realtor.com or Redfin, you’re primarily accessing the MLS. This information is widely disseminated and accessible to many.
  • Word of Mouth: Some homes are simply sold through traditional word-of-mouth channels. By informing everyone you know that you are actively seeking to buy (and clearly defining your criteria, as discussed earlier), you put yourself in the best position to discover deals through your network.
  • Craigslist: Craigslist.org is a free classifieds website used by millions of people to buy, sell, trade, or even give away almost anything imaginable—including real estate.
  • Outbound Marketing: Outbound marketing involves actively seeking out sellers and bringing them to you. This can be achieved through various advertising methods, direct mail campaigns, or a range of other proactive marketing techniques.
  • LoopNet: LoopNet is a prominent online marketplace specifically for commercial properties. It’s the go-to platform for searching publicly listed commercial properties for sale, ranging from small multifamily buildings to large apartment complexes, shopping malls, fast-food restaurants, and beyond.

By now, you should fully appreciate the significance of a clearly defined set of shopping criteria, which should encompass both your personal preferences and financial requirements. This well-structured criteria list will help narrow down your choices and effectively filter out unsuitable investments, maximizing your chances of securing a solid, profitable investment that precisely meets your needs.


 

Real Estate Financing

 

Do you need a substantial amount of money to invest in real estate? The short answer is no. The longer answer is more intricate. Investors employ numerous strategies to invest in real estate without needing a large amount of cash upfront. In fact, some deals can be executed without using any of your own money – period!

Below, you’ll find several common strategies for financing your real estate deals. However, for more in-depth information, we recommend picking up a copy of The Book on Investing in Real Estate with No (and Low) Money Down, available on BiggerPockets. Written by Brandon Turner, co-host of the BiggerPockets Podcast, this book contains a wealth of tips, ideas, and strategies for investing in real estate using other people’s money (OPM).

With that, here’s a summary of the financing methods commonly available for your real estate transactions.

  • All Cash: Many investors choose to pay cash for an investment property. In most cases, the buyer brings a certified check (like a bank cashier’s check) to the title company, which then issues payment to the seller. Alternatively, funds may be transferred via wire directly from the bank. This is the simplest form of financing, typically free of complications. However, for most investors (and likely the vast majority of new investors), an all-cash purchase isn’t a feasible option.
  • Conventional Mortgage: Financing your investment property can often yield significantly better returns compared to an all-cash purchase. Most investors opt to finance their investments with a cash down payment and a traditional conventional mortgage. Conventional mortgages are the most common type of loan used by homebuyers and generally offer the lowest interest rates.
  • FHA Loans: The Federal Housing Administration (FHA) operates a United States government program that insures mortgages for banks. FHA loans are specifically designed for homeowners who intend to reside in the property, so you cannot use an FHA-backed loan to purchase a property purely for investment purposes. However, there’s an exception: an FHA-financed home can contain up to four separate units. This means if you plan to live in one of the units, you could acquire a duplex, triplex, or fourplex using an FHA loan. A key benefit of an FHA loan is its low down payment requirement, currently just 3.5%. This can significantly expedite your entry into real estate, as you won’t need to save up to a typical 20% down payment.
  • 203k Loans: A specialized subset of the FHA loan, a 203k loan allows a buyer to purchase a house that requires rehabilitation work by incorporating the cost of repairs or improvements directly into the loan itself. Like a standard FHA loan, a 203k loan still benefits from a low down payment.
  • Owner Financing: Banks or other large lending institutions aren’t the sole entities that will finance a property for you. In certain situations, the current owner of the property you wish to buy can actually provide the funding for the purchase. In this scenario, you would simply make monthly payments directly to the seller instead of a bank. Typically, a property owner will only consider this option if they own the home outright, meaning they have no existing mortgage on the property.
  • Hard Money: Hard money refers to financing obtained from a private business or individual specifically for real estate investing. While terms and styles frequently change, hard money loans share several defining characteristics:
    • The loan is primarily based on the property’s value.
    • Shorter loan terms (typically due in 6-36 months).
    • Higher than normal interest rates (ranging from 8% to 15%).
    • High loan points (fees incurred to secure the loan).
    • Many hard money lenders do not require income verification.
    • Many hard money lenders do not require traditional credit references.
    • The loan typically does not appear on your personal credit report.
    • Hard money can often fund a deal in just a few days.

      Hard money can be advantageous for short-term loans in specific circumstances. However, many investors who have utilized hard money lenders have found themselves in challenging situations when the short-term loan matured. Use hard money with extreme caution, ensuring you have multiple clear exit strategies before accepting such a loan.

  • Private Money: Private money is similar to hard money in many respects, but it’s typically distinguishable by the nature of the relationship between the lender and the borrower. Usually, with private money, the lender won’t be a professional lender like a hard money lender. Instead, it will be an individual seeking to achieve higher returns on their cash. Often, there’s an established personal relationship with a private money lender, and these lenders tend to be much less business-oriented than hard money lenders.
  • Home Equity Loans and Lines of Credit: Many investors choose to tap into the equity accumulated in their primary residence to help finance the acquisition of their investment properties. Banks and other lending institutions offer various products, such as a Home Equity Installment Loan (HEIL) or a Home Equity Line of Credit (HELOC), allowing you to leverage the equity you already possess.
  • Commercial Loans: While most of the above options focus on residential loans, the realm of commercial lending can also be a viable option for your investing. In fact, if you’re looking to acquire a property other than a one- to four-unit residential property, a commercial loan is likely exactly what you’ll need. Commercial loans typically feature slightly higher interest rates and fees, shorter terms, and different qualification standards compared to residential loans.

Many other investment and savings products are available for use in real estate investing. We cannot cover each of these in detail here, so be sure to consult a qualified financial advisor about how you can incorporate these products into your investing career.


 

Common Questions for Beginner Real Estate Investors

 

Starting out in real estate investing can feel like a daunting prospect for newcomers. However, the good news is that many common questions and answers exist to help clarify the initial steps. In this section, we’ll address some of the most frequently asked questions by beginner real estate investors, aiming to leave you feeling more informed and confident about embarking on this endeavor.

 

Can I invest in real estate if I have a full-time job?

 

Yes, absolutely. The type of real estate investing you often see on television or hear about from certain “gurus” isn’t the only kind that exists. In many situations, what you see on TV isn’t even truly investing at all, but rather speculation or gambling.

The truth is, there are hundreds of ways to generate income in real estate. Some of these techniques or strategies might demand 40 hours a week, while others may only require 40 hours per year. The amount of time needed to expand your real estate business largely depends on your chosen investment strategy, personal traits, skills, knowledge, and timeline.

You’ve likely encountered the age-old question (perhaps from a high school guidance counselor): “If you suddenly had $1 million and no longer had to work, what would you do?” The answer, some suggest, reveals the career path you should pursue.

If your ideal scenario involves opening a shelter for abused animals or moving to Aruba to train tourists in surfing, you probably shouldn’t aspire to become a full-time real estate investor. That’s not to say you shouldn’t invest in real estate at all—you just probably shouldn’t make it your sole career focus.

However, you don’t need to make it your career to build significant real estate wealth. If you genuinely love your current job, there’s no need to quit it to invest in real estate. You can achieve the same (or even better) results by investing on the side, just as effectively as a full-time real estate investor.

 

Advantages of Investing While Maintaining a Full-Time Job

 

Keeping your day job provides several distinct advantages over being a full-time investor. Firstly, you aren’t dependent on the cash flow generated from your investments for your living expenses—that’s what your nine-to-five job is for. By reinvesting all profits from your investments, you can fully realize the incredible benefits of exponential growth. Additionally, securing long-term bank financing is often much simpler for you due to the stable income from your employment, which can further enhance and stabilize your wealth-building efforts.

You can successfully invest in real estate while retaining your day job by pursuing activities such as:

  • Partnering in larger property ventures.
  • Investing in buy-and-hold properties with professional property management.
  • Serving as a private or hard-money lender.
  • Investing in notes (mortgages).

Real estate can be highly profitable, regardless of whether it’s your primary career or a side investment alongside a “normal job.” Ultimately, the choice of which path to take is yours. Do not simply decide to quit your job and become a full-time investor merely because you’ve read about others who achieved success that way. Having a concrete plan for how you intend to proceed in real estate is essential; we’ll delve into that a bit later in this guide.

That said, life is too short to be trapped in a job you despise. Choose a career that excites you to wake up in the morning, energizes you throughout the day, and leaves you feeling content when you go to sleep at night. If that desire leads you to full-time real estate investing, welcome to the club! Just ensure you’re not simply building a career, but truly building a future.

 

Can I invest in real estate with no money?

 

The straightforward answer is yes; it is indeed possible to invest in real estate even if you have no money at all to start. However, it’s important to understand that money is involved in every single real estate transaction. The actual question, therefore, isn’t whether you’re investing with “no money” but rather…