Individuals who hope to get ahead in life and retire early have found that real estate is a great way to support their endeavor. The money required to buy a real estate property is no joke. However, there are ways to invest in the real estate market even without having the big money that’s needed to do so. Education The real estate market is a jungle, and getting started on the wrong foot can cause an immediate loss. There are many different niches where a person can invest in such as single-family properties, multifamily apartments, commercial properties and others, and there are different strategies one could use, like land-lording, flipping, and wholesaling. Having the right knowledge about the market and how one would wish to navigate through it would give him or her an edge when it comes to starting the journey. Image source: pixabay.com There’s no need for expensive camps and seminars, simple, informative books, webinars, blogs, forums, podcasts, and meetings with real estate agents would be enough to guide one as they begin to invest. Finance College students can qualify for a loan, given that they have income, good credit, and good debt to income ratio. Many students don’t have the time and strength to work at high-paying jobs; for better chances of getting a loan approved, it would be good to have a co-signor on a mortgage, which is usually a parent with great income and a good debt to income ratio. College students do have a shot at investing in real estate. Image source: pixabay.com Kimberly Dey is an entrepreneur, instigator, established equestrienne, and philanthropist. She is the President of Renaissance Property Associates in New York City and the Vice President of the Charles B. Wang International Foundation. For similar reads, click here.
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March 2018
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