I
nvesting in real estate may seem like a distant dream, especially with cities like New York and Los Angeles becoming increasingly unaffordable. However, Kearvyn Arne, founder of Vynar Capital, believes that even first-time investors can succeed in today's market.

    Arne's company has helped numerous clients achieve millionaire status through strategic property investments, securing over $50 million in funding. He emphasizes that investing in real estate is easier than many people think and encourages potential investors to educate themselves on the market, financing options, and different types of investments.

    One common barrier to entry is the down payment, but Arne suggests that it's possible to invest without a huge amount of capital as long as you have good credit. He recommends leveraging your credit to secure capital for investing, rather than waiting years to save up for a down payment.

    When starting out, Arne advises buying an investment property while renting a residence. This approach allows your investments to generate income and eventually fund your ideal home purchase. Additionally, he suggests expanding your search beyond the city limits to the suburbs or nearby towns, where properties may be more affordable.

    Gabriel Pincus, a registered investment advisor, built his real estate portfolio by investing in long-term rentals outside of Nashville, Tennessee. He found that properties farther from the city were a better choice for him and his business partner, aligning with their investment strategy.

    It's essential to understand that being a landlord requires significant work and time commitment. Arne recommends hiring a property manager or investing in luxury properties with on-site maintenance and amenities to minimize hands-on involvement.

    For those with more funds, investing in hotels can be a high-risk but potentially high-reward option. Developer Lorne Greenberg notes that hotels operate as businesses, requiring active management and attention to detail to maximize revenue and guest satisfaction.

    Ultimately, Arne emphasizes the importance of patience and persistence when it comes to real estate investing. He advises building a strong network, doing thorough due diligence, and being willing to learn from your first deal.