Investing in real estate can be a rewarding, profitable career that if done right can set you and your family up financially for the rest of your lives. It can be tough to get started in real estate if you are coming into it with little capital and experience dealing in the market.
There are ways to acquire property and begin investing in projects that can lead to successful purchases and sales. Many of these investments designed for beginners and those with little money saved come with some risks and special conditions, but are excellent ways for novice investors to get started.
TYPES OF PROPERTIES FOR BEGINNERS IN REAL ESTATE INVESTMENTS
The following are some real estate investment opportunities to get investors with little savings started in the industry.
FHA Loan House Hack
House hacking involves purchasing a duplex, triplex, or fourplex with the notion that you live in one of the units and rent out the others to bring in cash flow revenue. FHA loans are easy to qualify for and require only a 3.5 percent down payment. A house hack is a great way to get started as a landlord. The property will be small enough to manage, and living on the property will make communication and management simpler as you learn the ropes.
Home Equity Lines of Credits, Loans
There is an old saying which originated as career advice but applies to real estate investing. It is easier to find a job when you have a job, and it is easier to get a line of credit for a real estate investment if you already own property. If you own a home that has some equity in it, you may be able to get a home equity loan or enough of a line of credit to use as a down payment for another property.
The process of seller financing can be confusing and complicated, but it can be an effective method to acquire real estate. Seller financing is using a property owner as the lender instead of going to a bank or other lending institution. Payments are made directly to the seller based on terms and conditions the two parties set up on their own. Seller financing works best with there is not already another loan on the property, so the trick is to find a property without money already owed on it.
Hard Money Lenders
A hard money loan is a high interest, short-term loan that is used most commonly to fix and flip older properties that need some work. Though hard money loans can have higher interest rates, they can also be easier to obtain. If done right, they can be ideal ways to get into the business of real estate investments.
WHY CHOOSE TIDAL LOANS
Tidal Loans is dedicated to providing beginning and experienced real estate investors a quick, easy way to secure private money loans to purchase properties. We have years of experience in this ever-changing industry and is staffed with professional investment specialists who can help you secure asset-based, hard money loans.
GET STARTED AT TIDAL LOANS TODAY
For complete information and to get started on a successful real estate investment career, contact the industry professionals at Tidal Loans today.