HOW TO FUND YOUR FIRST REAL ESTATE INVESTMENT
Passing investment is a really great way to grow your wealth quickly, but you do have to come up with somewhere between 25,000 and $100,000 to make your initial investment. After that, there's refinance and cash out events. They'll let you recycle that money over and over again so you can grow your wealth really quickly, but you have to find the original seed money for that. So here's a couple places where that could come from. Perhaps you have cash and savings on hand. There you go. All set, but a lot of people.
Often overlook their retirement funds. 401K's and IRA's can often be self-directed and you can actually invest those in real estate.
Reach out to me if you want to learn more about that.
Another place that people look to is their investments in stocks and bonds.
They're not performing real great right now, so maybe it's better to put them to use in real estate and then some people pull out some of the equity in their homes.
But if you're going to do that, just be cautious right now because interest rates are going up.
You want to make sure that the.
Treatment you get into pays more than you're going to be paying on that loan on your house.
Otherwise it's a bit risky.
So those are a few places to get started, but the important thing is to get started.