How to Start Investing in Real Estate?

Investing in real estate is a wonderful way to create wealth over the long-term. Hundreds of experts have differing opinions on how to get started and what you should be thinking about when launching your new investment business. Start investing in real estate to create cash flow, freedom, and a new way to build a passive income business.

So many strategies exist to start small and give yourself the opportunity to understand the details before going bigger. One of the best ways to get started is to live in your own property and rent out a few rooms. This “house hacking” strategy has been used by thousands to reduce monthly housing costs and create financial freedom.

Once you have a solid understanding of how you want to approach investing in real estate – start moving forward. Reading blogs, listening to podcasts, and adjusting spreadsheets are all helpful, but the best way to learn is by doing. Buy your first duplex, triplex, or fourplex and you’ll force yourself to figure out the next steps.

I’ve found that one of the best ways to learn about investing in real estate is to read about what others have done to launch their investing journey. Here’s a list of some very helpful articles that outline how to get starting with real estate investing.

How To Get Started Real Estate Investing With Just $500 – The College Investor

Real Estate Investing 101 – 9 Steps to Get Started – Coach Carson

How To Start Investing In Real Estate – Forbes

How to Invest in Real Estate – Dave Ramsey

How to Invest in Real Estate: 5 Ways to Get Started  – Nerd Wallet

A Beginners Guide: How to Get Started Real Estate Investing – Money Matters

How to Invest in Real Estate: 3 Basic Steps & What to Expect – Investor Junkie

Real Estate Investing Tips for Beginners – The Balance

How I Make Over $250,000 a Year in Real Estate Investing – Good Financial Cents

How to get started with real estate investing – Get Rich Slowly

How to Start Investing in Real Estate | A 5 Step Plan – Dough Roller

Do you have additional articles that should be added to the list? Please comment below and let us know.

How to Make a Million Dollars?

How to make a million dollars? This question is asked all over the internet and answers range significantly. Strategies for wealth creation can sometimes be confusing and we’ve found that aggregating different opinions can help us come to a simplified solution and direction.

Here’s a list of helpful content that we’ve used to look forward and understand different perspectives and strategies for saving, investing, and generating wealth over the long-term.

10 money rules that helped me become a millionaire at 28 – CNBC

How to Grow Your Net Worth by $1+ Million in Less Than 4 Years – GoCurryCracker

7 Ways to Get to $1 Million – Money

The First Million Might Be The Easiest: How To Become A Millionaire By Age 30 – FinancialSamurai

First Million is the Hardest How to Build A Million Dollar Net Worth – FinancialPlanner LA

How to make a million dollars (advice from actual millionaires) – I Will Teach You To Be Rich

HOW I SAVED $1.25 MILLION DOLLARS IN 5 YEARS – Millennial Money

What Is the Difference Between Income and Net Worth? – Dave Ramsey

HOW DO YOU DEFINE MILLIONAIRE? – Chris Hogan

What Constitutes a Millionaire? – The Balance

Do you know of additional articles that help explain the path to saving a million dollars? Let us know in the comment section below.

Launch your Financial Independence Journey with the Real Estate Investment Toolkit

Making the decision to invest in real estate changed my life forever.  Ever since I was in high school, I was always intrigued by the opportunity that real estate could create for me.

Back in 2009, the real estate market had hit rock bottom.  Multi-unit properties were hitting the market for 25% of what they were sold for in 2006.  Either everyone was in trouble or this was a once in a lifetime buying opportunity.  I choose to jump in a take the position that this couldn’t last forever – so I went for it.

The first financial models that I built were very simple and didn’t provide a long-term view of my business.  Since then, I’ve been iterating on my model numerous times per year.  I love where it is now – the model shows me cash flow and property value projected out ten years.  The long-term view is super important for me because it’s easy to lose sight of the ultimate prize…more cash flow.

My real estate investment toolkit will give you everything you need to launch your first real estate business.

 

What is Investment Real Estate?

Investment real estate is real estate that generates income or is otherwise intended for investment purposes rather than as a primary residence. It is common for investors to own multiple pieces of real estate, one of which serves as a primary residence while the others are used to generate rental income and profits through price appreciation. The tax implications for investment real estate are often different than those for residential real estate.

 

 

 

10 Strategies to Reach 1 Million Dollar Net Worth

Strategies to Reach 1 Million Dollar Net Worth

It seems that so many financial bloggers make it seem easy to actually achieve a financially free lifestyle.  Reaching goals and moving forward isn’t easy, it takes dedication and the ability to move forward when everyone else is telling you you’re crazy.

Step out and figure out the path to get into real estate investing or join a small business and give your self the opportunity to succeed.  It’s not really about penny pinching and living on zero cash.  Life your life in freedom, find your identity, and keep moving forward.

Take a look at some strategies for reaching your goal of saving 1 million dollars.  Notice that these strategies don’t reference small savings here and there – these are big ideas that can propel you into financial freedom.  Think big and don’t look back.

  1. Set big goals and read them often
  2. Focus on passive income through real estate or online businesses
  3. Enable your creativity to thrive and build something unique
  4. Save 20% of your income
  5. Purchase investment property and have a long-term hold strategy
  6. Invest in low-cost index funds
  7. Keep track of your progress using tools like Personal Capital
  8. Limit your exposure to consumer debt.  Purchase cars when you need them, not when you want them.
  9. Expand your network by learning from others that already have achieved similar goals
  10. Put a plan together on how you will change your current financial situation.  It only takes one step to start moving in a new direction.

Make the decision to change – its only a decision – we’re all rooting for you.