How To Invest In Real Estate With $10k (5 Examples)
In this video I show you how to invest in real estate with $10,000. Now when you’re looking at how to start in real estate with 10k, there’s 5 ways that can be a great way to accomplish this.
For any one on one coaching or other business inquiries email me at: TheOutOfStateInvestor@gmail.com
In my opinion, the best way to start investing in real estate is house hacking. It gets you buying rental property and it’s a great way to buy with only 3.5% which is perfect for anyone looking how to invest in real estate with little money. This also sets you up for the long run because you can lower your living expenses to the point where you can live for free.
Another great option to get started in real estate investing is short term rentals. For those wondering how to invest 10k in real estate, this can potentially be another option because you can purchase short term rentals with 10% down so if you find a property you want to double as a vacation rental, you could put down 10% instead of 15 or 20% down and later down the road you can always change it back to a long term rental.
Another great way of how to get into real estate with 10k is utilizing private lending. This is getting your financing from a private individual. It could be a friend or family member. It could also be a fellow investor. The point is with private lending, you have the ability to set your own terms including a low downpayment.
Another great way of how to start real estate with 10k is seller financing. This essentially where you go to the seller for your financing and they act as the bank. One of the biggest reasons a seller would want to do this is to avoid significant capital gains receiving all the profits at once. Seller financing allows the seller to realize his gains over a period of time instead which allows them to pay less in taxes.
The 5th way on how to invest 10,000 dollars in real estate is to utilize partnerships. When buying investment property in a partnership, you can split up the intitial cost such as 10% each of the down payment or you could bring value to the partnership by doing all the work, your partner provides the money and you split the profits however you see fit.
So if you’re looking on how to invest in rental property with little money out of pocket, these 5 ways can be great to get you started with less than 10k out of your pocket.
#RealEstateInvesting #RealEstateInvestingTips #RentalProperty