A few weeks back I wrote an article on why to start investing in the real estate in your 20s. Since then, I have been thinking about pushing the envelope even further, how about motivating young students in the college to invest in the real estate!
Usually, students are caught up their regular course work, home assignments and in their spare time, they mostly like to hangout with their friends or dating. None of these activities, though fruitful in their own way, are adding money to their coffers.
Then lots of the students, to make their ends meet, seek part time jobs but the meagre salary from those jobs though serve its purpose but it does not lead them towards a path of being financially independent and wealthy.
People have seldom got rich through their regular jobs; it has always been the timely and smart investments that bring in the returns and the riches.
But young students seldom have this kind of money to invest. This does not mean that they can not lay the foundations of a successful and financially secured future, while in the college. Real estate investing in Arlington WA has always been there and there are quite a few ways through which young students can venture into real estate investing with little or no money.
Real estate wholesaling is one of those categories of real estate investing where anybody including a street smart and ambitious college going student can make money without investing even a single dime from their end. All they must do is to find a motivated seller who is about to put his property on sale, then find a buyer, connect them, and take a cut out of the deal. But this requires lots of networking and plenty of hard work, something a truly driven and ambitious college student can easily afford.
House hacking is another method to make an entry into the world of the real estate investing. Here you invest into a property, live in a part of the house, and rent out rest of the rooms. That rent amount will not only pay for your mortgage but also cover lots of essential household expenses, this making your living almost free. Usually, students do not have the money to pay for the down payment in most of the cases but there are certain cases where they can acquire a property by paying low or almost no amount. One such example is FHA. Best part about house hacking is that gradually by paying off the mortgages, they build up a solid asset in the long term, which they can continue to use as a rental property, or they can sell it off to invest into a more lucrative investment property.
You can also make your foray into real estate investing by partnering with a busy real estate investor, who has got multiple deals to look into and many properties to manage. Here you can enter into a deal with them as an active partner where you will be doing all the heavy lifting like networking, looking for new deals, marketing, managing properties and the investor would just be funding the enterprise. This is a win win situation for both the sides, as you get to enter into a business as a partner without investing a dime and the real estate investor is getting an extra and active hand with out paying a regular salary.
If you still feel hesitant despite being very interested in moving your first step towards financial independence through real estate investment, give us a call at (360)386-7493. We will help you in removing all your mental blocks and apprehensions and take that baby step towards financial freedom.
