G
etting into real estate can be a lucrative investment, but what if you don't have much to put in? According to experts, it's possible to start with as little as $100. Real estate investment trusts (REITs) are a great way to begin, explained Mike Roberts, mortgage broker and co-founder of City Creek Mortgage. "It's less intimidating" and allows you to earn dividends, growing your investment over time.
Another option is fractional real estate investing through platforms like Arrived Homes, where you can buy shares in single-family rentals for around $100. This way, you own a piece of property without the day-to-day responsibilities. Real estate crowdfunding sites also offer low minimum investment requirements and are open to smaller investors, but it's essential to research each site's history and associated risks.
If you're not ready to invest just yet, consider taking real estate courses or workshops. These can teach you about market trends, investment strategies, and property analysis, making you feel more confident before putting in your hard-earned money. Many courses also offer community access, where you can network with other investors and potentially find partnerships or mentorship opportunities.
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