There are several ways to invest in real estate with single family homes, condos, multi-family and commercial. But before you can invest in real estate, you must answer a few questions.
1) Do you have cash or access to cash to buy real estate?
2) Are you looking to replace your current income?
3) Do you have great credit?
4) Are you just looking for cash flow?
5) Are you looking to build long-term assets?
IF your answer to question number 1 was no, then you can only focus on a few strategies like wholesaling, lease-options and seller financing. Once you generate some income, you can move into other real estate strategies.
If you answered yes to the second question, I would be focusing on wholesaling, lease-options and seller financing.
If you answered yes to question number 3, I would be focusing on the real estate strategy retailing.
If you answered yes to question number 4, I would be focusing on lease-options and seller financing.
If you answered yes to question 5, I would be focusing on seller financing and retailing.
How to invest in real estate really depends on your goals and finances. First write down how much money you could use to invest in real estate. Second, write down a list of people that have money and would like to invest in real estate. If this equals $0, then you cannon focus on retailing/fix and flip. You will find yourself running in circles doing nothing. If you do have some money to invest, start with the foreclosures since there everywhere and you may wind up finding a great deal.
Answer the questions above truthfully and you can't say yes to all of them. I want you to pick one of two to start. this will untimely determine how to invest in real estate.
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