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Are you interested in getting started in real estate investing? There is a common misconception that people need to have a lot of cash before they can start investing in real estate. In reality, there are a few ways that just about anyone can get started in real estate investing. Learn more about how to become a real estate investor below, and look for ways to diversify your assets.
Leverage Your Existing House
If you are getting ready to move to another house, this is the perfect opportunity to become a real estate investor. Instead of selling your existing house, you can rent it out to someone else. Then, you can use the rental income to cover your housing expenses as the value of your current house continues to grow. Then, you can go ahead and move to your other house while maintaining your existing one.
Look for Crowdfunding in Real Estate
If you don’t have a lot of cash available, you may want to look for crowdfunding opportunities. Real estate crowdfunding takes place where hundreds of people pull their assets to fund development projects, purchase existing properties, and invest in rental properties. You might only need a few hundred dollars to get started as a real estate investor in the crowdfunding area.
Partner With Another Real Estate Investor
Finally, another way you can get started in real estate investing is by partnering with another real estate investor. If you feel like you do not have enough cash to get started right now, you may want to partner with an experienced real estate investor. That way, you will both have more resources to purchase more property, and you can learn the ropes from someone who has been doing it for a long time.