BiggerPockets Real Estate Podcast How to Invest in Real Estate with $50K in 2024
8 snips
Oct 9, 2024 Ashley Kerr, host of the BiggerPockets Rookie show, shares key insights for novice investors on how to effectively utilize $50K in real estate. She emphasizes essential pre-investment steps to minimize risks and maximize returns. The discussion unfolds diverse strategies tailored for different investment levels, including house hacking and partnerships. Kerr also shares tips on navigating smaller markets and leveraging personal strengths in joint ventures, ensuring both beginner and experienced investors can thrive.
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Define Your 'Why'
- Define your "why" before investing any money.
- Knowing your investment goals helps form a better strategy.
Leverage Your Advantages
- Leverage your existing skills and advantages when investing.
- If you have construction experience, consider rehabbing properties yourself instead of turnkey.
Assess Risk Tolerance and Capacity
- Consider both risk tolerance and capacity before investing.
- Being comfortable with risk differs from being financially able to take risks.
