Can You Invest in Real Estate With Little Money? (Spoiler Alert: Yes!)
The value of real estate soared over the last year. The average home price in 2021 was close to $400,000. In January 2020, the average home price was around $266,000.
That level of growth should make you want to jump in and invest in real estate. If you have little money to invest, you might think that it’s not the right path for you.
Don’t get discouraged, just keep reading. You’re about to learn how to invest in real estate with little money.
Table of Contents
1. Crowdfunding Sites
Crowdfunding lets you invest in large commercial properties with as little as $500. You pool your money with other investors in commercial properties.
The crowdfunding site handles all of the property management aspects of the investment.
If you can’t come up with $500, you can probably come up with $10. Sites such as Groundfloor let you invest in real estate for only $10.
You’re not investing in properties, though. You invest in short-term bridge loans that real investors use to fix and flip properties.
2. Turn Creativity Into an Asset
It’s time to think outside the box. In a traditional real estate investment, you need to have 30% of the purchase for a down payment and finance the rest.
Coming up with 30% is enough to turn anyone away from investing. It’s possible to invest in real estate with little money down.
You can use an FHA or other government-backed loan for a real estate investment. You only have to come up with 5% of the purchase price.
Then take out another loan for the down payment. You leverage other people’s money and end up with a tangible asset.
3. Pick the Right Investment Strategy
You need to have a plan for your investment, whether you’re investing $10 or $10,000. Take the time to map out your investment goals.
That lets you choose the right real estate investment strategy. For instance, if you just want to invest in real estate with little money, then you’ll spend money on crowdfunding sites.
On the other hand, if you want to buy investment properties for rentals, you need another strategy.
4. Get Investment Partners
One of the best ways to invest in real estate with little money and learn about real estate is to find people who know more about real estate than you.
Find real estate investment partners. You can pool your resources together and make smart real estate investments.
5. Find HUD Homes
The Department of Housing and Urban Development (HUD) backs FHA loans. When people default on these loans, HUD forecloses and repossesses the properties.
HUD sells these homes as-is mostly below market value.
These are great investment opportunities for you. It’s possible to purchase and rehab these homes with only $100 down.
There are other qualifications to get approved, but this could be the best way to invest in real estate with little money.
Tips to Invest in Real Estate With Little Money
What does it take to invest in real estate with little money? It just takes a little creativity.
Look for opportunities outside of the traditional ways to invest in real estate. You can easily invest no matter what your budget is.
Visit the blog for more helpful real estate tips.