Passive Real Estate Investing TBT: Ask Marco - How Do I Start Investing With a LOW Salary?
Feb 13, 2025
Max, a 25-year-old new to Memphis, grapples with investing on a low salary amidst market uncertainty. Key tips include building an emergency fund and saving for a down payment. Exploring alternative methods like wholesaling and partnerships can widen his options. Understanding local market trends is crucial for making informed decisions. The discussion invites listeners to ask questions while promoting free strategy sessions for further guidance in navigating their real estate ambitions.
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Emergency Fund
- Prioritize building a solid emergency fund before investing.
- Aim for 3-6 months of living expenses in savings.
Increase Income
- Focus on increasing income rather than cutting expenses.
- Consider a new job, promotion, or additional employment.
Wholesaling
- Explore wholesaling as a way to generate additional income.
- This involves finding discounted properties and assigning contracts to investors.