Have you ever considered real estate investing but never knew where to start? If you’re anything like me, you’ve always wondered if there is a better life outside of your regular job, but never had the resources to do anything about it. 

In this guide, you will find inspiration and suggestions to get started.

The first step to your investing journey starts with yourself. Your mindset is one of the most valuable and infinite resources you have. Invest in knowledge, invest in growing and expanding yourself, and your results will astound you. I can promise you, 5 years later, you will not recognize yourself or your life.

Learning to communicate effectively and make ethical decisions will be the next fundamental step to your success. This is where other people come in! As you learn to make meaningful business relationships, you will also learn how to leverage your skills to access what is needed to make a transaction work. Let’s give an example: you have time, but no money. You can leverage your time and use somebody else’s money. What that requires from both sides is accountability, transparency, and trust to complete a transaction.

Going deeper, a few examples of endless opportunities are the following: 

1. Lease Options – you may lease a property with the option to buy it in the future. Sometimes there is no cash or credit to qualify, and you can buy it at a locked price - or flip it for more money!
2. Owner carry or seller financing – these strategies can vary in how they are structured. “Owner carry” requires the owner to still carry a mortgage, but financing is structured where the buyer is making payments directly to the seller for the mortgage.
3. Hard money loans/ private money – again, there are many creative ways to use these non-conventional ways to buy property. Hard money loans can be loaned on a percentage of a home’s after-renovated value, and private loans can be used to bridge that gap.
4. Partnerships and joint ventures – although these are two different things, they essentially are creating relationships to complete a deal. Your network is your net worth!

HELOCs, USDA loans, SBA504 loans, Real Estate Investment Trusts (REITs), and Real Estate ETFs are also other creative ways to get into real estate, but that is for another article. Do you see how the possibilities are endless?  Real estate investing is one of the most lucrative and stable investments you will ever make in your life. At A Better Way Realty, we’re here to help make that dream come true. We have plenty of resources to offer you. Connect with us today to see how we can help you change your life!

We truly are an investor’s best friend!

--Kristin Hoffmann, Realtor & Mobile Notary

Kristin@GrandAvenueBrokers.com