What's the best way to start investing in real estate with little or no cash?
Introduction Real estate investment is a tried and tested wealth-building strategy, but many people believe that they need substantial capital to get started. The good news is that it’s possible to enter the real estate market with little or no cash. In this blog post, we’ll explore some creative strategies to begin your real estate investment journey on a tight budget. 1. House Hacking: The Path to Affordable Homeownership House hacking is an excellent strategy for those who want to start their real estate journey without a significant down payment. It involves purchasing a multi-family property , such as a duplex or a triplex, and living in one unit while renting out the others. The rental income from your tenants can cover your living expenses and mortgage payments. Benefits: Requires a low down payment, often as low as 3.5% with an FHA loan. You can learn the ropes of real estate investing while living in your investment property. Potential for long-term cash flow and appr...