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How can I get into the real estate business with 20k capital?

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How can I get into the real estate business with 20k capital?
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Bump for interest
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>>1950881
You don't without a mortgage and that 20k as down payment

I'd suggest flipping cars if you are competent enough to spin a wrench
>>
Buy four $100,000 houses next to each other in Detroit or West Virginia or something and rent them out to white trash and nogs while fixing them up and praying for appreciation.

Alternately buy REITS
>>
>>1950881
Simple. Spend 1k on personal finance, real estate, and investing books. Spend 11k for 2 richdad handholding clases. Spend 8k towards down payment on $40,000 shithole. Or save.
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>>1950907
Bad idea
Those sort of people generally trash the hell out of their landlord's property and run
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>>1950881
Look into the secondary mortgage market and securities.
Alternatively, look into REITs.
Neither pay out significantly unless you know what you're doing.
Good luck.
>>
>>1950881
Also, look into getting your real estate license.
Look up the law for your state and be prepared to take classes.
Thread posts: 8
Thread images: 1


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