Real estate investing can be a rewarding venture for beginners looking to diversify their investment portfolio and hedge against inflation. With a variety of low-cost strategies available, getting started in real estate has never been easier. In this article, we will explore expert tips for buying your first investment property and highlight four investment strategies to help landlords enhance their portfolios for long-term growth and stability.
Start with a solid foundation: Real estate investor and developer Ricky Beliveau suggests beginning with a triplex purchased through an FHA loan. By utilizing house hacking, where you live in one unit and rent out the others, you can live virtually rent-free while building equity in the property.
Educate yourself: Real estate investing requires knowledge and understanding of the market. Take advantage of podcasts, such as "Investing in Real Estate: A Beginner's Guide," or seek guidance from experienced realtors like Natalie Crawford REALTOR® of Dream Home Realty.