Investing in real estate is a great way to build passive income and improve your assets.

However, real estate investment also requires more start-up cash than other forms of investing. While you may only need a few dollars to buy stocks or invest in a mutual fund, saving up for a down payment can set you back thousands of dollars.

There are ways for anyone with a little bit of money and a lot of ingenuity to become a real estate investor.

Start With The Home You’re In

You already have at least one home that you live in. Besides being a place where you live, it can be the seed for your growing real estate business.

You can rent out a portion of your home in a strategy called House Hacking. Use only part of your home while renting out your spare bedroom or spare floor. This will allow you to recoup your housing costs and create a seed fund for future investments. Even if you do not have an extra bedroom, some people rent out garages, basements, and even plots of land for camper parking.

If the idea of sharing your home with a stranger permanently does not appeal to you, then you can try short-term rentals such as Airbnb. Rent out a spare bedroom, couch, or even the whole apartment to people while you’re away on vacation.

Flip Properties

It will cost less money to buy properties that are in worse shape and then fix them than it would be to buy a brand-new home. There are even tax incentives in place to make it even more worth your while to flip properties.

The IRS has a significant tax exemption that allows you to exclude up to $250,000 (or $500,000 if you are filing jointly) of the profits from selling your home if you were the primary resident for at least two years. This makes a fixer-upper even more worth it.

Read More…

About Skip Force LLC.: Skip Force is a SaaS company based in Austin, TX. Founded in August of 2019, Skip Force has developed solutions, for real estate investors and resellers, to streamline the skip tracing process to effectively close leads.

Related News

Real Estate Strategy 2 Years Into The Pandemic
Real Estate Strategy 2 Years Into The Pandemic

💥Real Estate Strategy 2 Years Into The Pandemic💥 Real Estate Strategy 2 Years Into The Pandemic  – COVID-19 has changed the world as we know it. Everything from where we live and work to how we value and spend our time and interact with each other has dramatically shifted in the face of the challenges […]

Simple App Makes Real Estate Investing Less Confusing
Simple App Makes Real Estate Investing Less Confusing

Simple App Makes Real Estate Investing Less Confusing Simple App Makes Real Estate Investing Less Confusing – Many seem to be under the belief that real estate investing is only a game rich people play. It takes a lot of money to buy a single piece of property, after all. It’s also a relatively slow […]

Investing in Real Estate without owning a single property
How to Invest in Real Estate Without Owning a Single Property

Invest in Real Estate Without Owning a Single Property Invest in Real Estate Without Owning a Single Property – This REIT nears a quarter century of market-beating returns, and that could be just the start. Real estate has long been a great way for investors to build wealth. That wealth can come both from the […]