How to Start Investing in Real Estate in 2024 on an AVERAGE Salary
42,149
2024-04-10に共有
Dave Meyer, David Greene, and Rob Abasolo all started investing without much cash in the bank. They had to budget, save, and build up their finances to get their first rental property in the bag. But, once they started investing, it was hard to stop. Now, they all have financial freedom-enabling real estate portfolios that spit out plenty of monthly cash flow. And they’re here to help you build wealth, too!
Dave, David, and Rob share their favorite ways to start from scratch when investing in real estate, how to best use $10,000 to get in the game, the one beginner investing strategy that EVERYONE should try, and how to use other people’s money to grow your real estate portfolio even faster! So, if you want to make 2024 the year YOU start investing, even if you don’t have a ton saved up, stick around!
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Show notes at: link.chtbl.com/BPRE
00:00 Intro
00:50 Starting with $10K
08:54 1. House Hacking
14:03 2. Co-Hosting
16:13 3. Going Back to School
17:55 Best Type of Property
22:43 Partnerships
29:05 The "Sneaky" Rental
34:32 Start from Scratch
コメント (21)
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Dave has the best advise. Take the 10K and partner up with someone else (preferably with some experience). I would also make sure both of our skills are different that we bring to the table. For example how I got started is, my cousin had some money but no handyman/contracting skills. I had the skills and not a lot of money. We partnered together 50/50 and made it work!
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PLEASE keep this kind of stuff up!
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Excellent & great logical plan at the end by David & added thoughts by Rob! Thank you. Hey Rob: keep eating the Guac, for mental energy, and add some of David's broccoli. Great Combo!
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If all I have to my name is $10k , using it to go to seminars when there’s free info on here is insane.. I’m putting it in the stock market (Voo) and letting it grow as I save more money.
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I will never invest $10k to education alone
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Absolutely enlightening episode, guys! 🏠💡 The step-by-step breakdown of starting in real estate with a modest $10K is exactly what many of us need. It's easy to get lost in the glamour of big deals, but this brings it down to what's actionable for someone like me. Could you dive deeper into managing capex and maintenance costs effectively on a tight budget? Also, any tips for someone living in a high-cost area but earning an average salary? Love the practical advice and real-world applications!
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I absolutely loved this format! I would love to hear the three of you talk more on different subjects! Things like how you'd approach lending, contractor problems, evictions, or how you like to invest (outside of RE). It could be called the DRD Show!
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Grateful for the expertise and ongoing support from Gerald Robert Hayton! Thanks to his guidance, I've been able to make informed decisions and see real growth in my investments. Highly recommend his advice to anyone looking to dive into REITs
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How to invest with $10k. Save more $ & have more than $10k. Great. Lol
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Don’t listen to this nonsense. At 20 years old now 23 I took 10k and turned it into 8 rentals at 23
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Take that $10k and buy a piece of land. Rent it for camp site…tiny house park(maybe 3/4 tenants) that’ll get you some passive income.
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Love it!
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If I own my property through inheritance and can save 20,000 to $25,000 in about 2 years they pursue an FHA route 3.5% down. Would it be a good idea to possibly get a key lock for my current property to fix up and help out with the equity I currently have on it?
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Thank you for this video! Very informative! I’m currently up 10k and I’m definitely saving to house hack! I can’t wait. It have been challenging but I’m focus and determined
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So 3:20 in and the first suggestion of what to do with $10,000 is give it to Bigger Pockets....lol
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No one really talks about equity much but it's probably the most powerful part of real estate. And you can start building it with your primary residence then pull it out to use as a down on your next property.
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What does David mean by "ten thirty one"?
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@0:43 “pretty stringent criteria.” Bro, that’s my life you’re talking about. 😂
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How does one get 3% Down mortgage ? Is there PMI involved ? Most banks require me to pay Atleast 20% down
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What an amazing video guys!!
