4 Ways To Invest With Other People's Money
Generally, you need to have money to make money. But wouldn’t it be great if you could simply borrow other people’s money to invest? Well, most of the time, you can’t just borrow money out of thin air. Someone who is willing to lend you money wants to have some assurances that you’re going to make good on your promise of paying them back entirely down the road, either in the form of monthly payments, collateral against your assets that they gain ownership of in the event you default on your loan, or both. But as soon as you start accumulating assets, you can start investing with other people’s money!
In this article, I will share 4 ways you can invest with other people’s money! If you don’t have assets to borrow against yet, learn these strategies anyways so you can learn which assets you’ll need to accumulate that are required for the borrowing strategies that are attractive to you.
Takeaways From My 1st Out-of-State Flip
At the beginning of the year, I announced all my financial goals for 2021, one of which was to start an out-of-state flipping business. By the end of January, I had already closed on my very first flip in the Dallas metro area! If you follow me on Instagram, you would have learned that I’m already done with the rehab, roughly 2 months later. So now that my property is listed for sale and I’m starting to think about completing my very 1st out-of-state house flip, I thought I’d share my experience, from start to (almost) finish.
9 Ways To Get Started With Real Estate Investing
Most investors I know park their money in the stock market. It’s arguably one of the best ways to build wealth, and it doesn’t require much cash to get started. Many of those same investors hear about the potential of real estate investing, but most of them don’t know how or where to get started. Luckily, there are many ways to dabble into the world of real estate investing nowadays, and they don’t all require large amounts of capital.