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

Skip Tracing for Real Estate
Skip Tracing for Real Estate

“Skip tracing” is the process of locating a person’s whereabouts. If you’re in real estate, skip tracing allows you to find motivated sellers for great deals. By skip tracing you’ll be able to get listing, wholesale, or investments faster. How Does Skip Tracing Help In Real Estate? Let’s say you have a list of foreclosures. […]

Drilling One
Skip Force Drilling One

Skip Force Drilling One Skip Force Drilling One – Interesting people are interested. Why did he say that? Because people tend to always talk about themselves. Right. What? You want to listen to someone who keeps bragging about himself? No. Right. You want to brag about yourself, too. So mirroring actually is the way is […]

SFA Launched
SF Pricing Explained

SF Pricing Explained SF Pricing Explained – We have multiple options with our skip tracing and property data services. I’m going to break it down for you so you can make the best decision for your business. For skip tracing, there’s member pricing and nonmember pricing. Now you’re going to get the same data for […]