{"id":235925,"date":"2018-05-17T05:00:31","date_gmt":"2018-05-17T12:00:31","guid":{"rendered":"http:\/\/getrichslowly.org\/?p=235925"},"modified":"2023-12-05T14:23:31","modified_gmt":"2023-12-05T21:23:31","slug":"real-estate-investing","status":"publish","type":"post","link":"https:\/\/www.getrichslowly.org\/real-estate-investing\/","title":{"rendered":"How to get started with real estate investing"},"content":{"rendered":"

Today’s article is from Chad Carson, who writes about real estate investing (and other money matters) at Coach Carson.<\/a><\/strong> I’ve always been intrigued by real estate investing but overwhelmed by how much info available. I asked Chad if he’d be willing to write an article that would help me<\/em> (and other GRS readers) understand the basics of real estate investing. This is the result.<\/p><\/blockquote>\n

I got started in real estate investing right after college. Because a young adult can basically sleep in a car if he has to (my 1998 Toyota Camry with cloth seats was comfortable<\/em>), I had little to lose by launching a business. Unfortunately, as a Biology major, I also knew very little about business or real estate. But I did<\/em> know how to hustle and to learn. That helped.<\/p>\n

Slowly, I learned to find good deals and to resell them for a small markup of profit (a.k.a.<\/em> wholesaling). I also learned to buy, fix, and flip houses for a bigger profit (a.k.a.<\/em> retailing). After a few years, my business partner and I began keeping some rental properties because we knew that was the path to generating regular, passive income.<\/p>\n

While my early business might sound like an exciting HGTV house-flipping show<\/a>, it’s not for everyone. I experienced radical ups and downs of cash flow, and there were many unpredictable outcomes. I learned a lot being a full-time investor, but there are actually easier ways to get started.<\/p>\n

Most investors I know started with a full-time job. They became valuable at their job, earned good money, lived frugally, and started boosting their saving rate<\/a>. With their extra savings, they began buying rental properties on the side.<\/p>\n

I’m not saying you shouldn’t begin as a real estate entrepreneur like I did — you’ll know if you’re called to make that leap — but if you currently have a non-real estate job and you’re saving money, you’re already going down the easiest path.<\/p>\n

The next step is to learn how to invest that money profitably and safely. I personally think real estate investing is one of the best ways to do that. I’ll show you why that’s the case in the next section.<\/p>\n

\"How<\/p>\n

<\/span>Why Real Estate Investing? Because It’s Ideal!<\/span><\/h2>\n

I’ve yet to find a better way to describe the benefits of real estate than this. All you need to remember is the acronym I.D.E.A.L:<\/p>\n