8 of the Easiest Ways To Get Into Real Estate in 2023 (2023)

Do you have an entrepreneurial spirit and a desire to get grow your net worth?For many, an effective way to do this is through real estate investing. The reason for this?

Real estate offers many strategic benefits, including the ability to use leverage (mortgages) and benefit from numerous types of tax deductions. It also offers the ability to capitalize on market inefficiencies—meaning, you can often buy real estate under it’s true value. That’s very difficult to do when it comes to stocks, bonds, and mutual funds, for example.

Also, real estate offers the power of cash flow, paired with debt paydown by tenants and the potential for long-term price appreciation. In aggregate, these benefits of investing in real estate are both rare (not found in other asset classes) and extremely compelling.

You might feel lost if you’re new to the real estate game and have no idea how to get started. Thankfully, it’s easier than you might think. If you’re wondering how to get into real estate, keep reading.

Hereare the easiest ways to get into real estate.

1. Invest in Rental Properties

Rental properties can be a phenomenal source of income, as well as long-term debt paydown by tenants, price appreciation over time, and tax advantages.

Meaning, investing in rental properties can be a great way to grow your wealth. However, it is essential to do your homework and to be prepared for the potential challenges that can arise.

You will want to find a property in a thriving neighborhood that people will want to rent. You’ll also need to set aside a reserve fund to cover unexpected repairs and vacancies. If you want to earn the maximum amount from your rental property, then you’ll need to roll up your sleeves, list it for rent, and lease it out yourself.

Or, to make your life easier, you can hire a property manager to rent out your property and manage your tenants. For compensation, the property manager will usually charge the first month’s rent, as well as 8-10% of the monthly rent over time.

2. Fix-and-Flip Properties

Another way to get into real estate is buy a fixer-upper and flip it for a profit. This is where you buy a property, make improvements, and sell it for a profit. This can be a cheaper way to get started in real estate, because it does not require much capital.

(Video) this is the EASIEST way to invest in real estate in 2023 (by far)

You could also partner with an experienced and successful flipper. By shadowing and assisting with the day-to-day tasks involved in the process, you can learn a great deal about what it takes to be successful in the industry.

This will also let you get a feel for the type of properties that are most likely to turn a profit.

3. Rent Out a Bedroom

If you’re not ready to go “all in” with real estate investing but currently own your home, then you could get started by renting out an empty room.

Naturally, you’ll want to do a credit and background check before letting a renter into your home. You will also want to collect a security deposit and sign a formal lease, even if the terms are for month-to-month rental of a single room.

This will protect you if you get into a messy renter situation where someone refuses to pay.

4. Rent Out Storage Space

If you want even less of a commitment but would like to collect some passive income in the form of a monthly rental check, then renting out a storage space could be a great fit for your real estate goals.

If you have a storage space, an unused basement, or an empty garage available, all of these spaces can be rented out on a month-to-month basis.

So, think creatively. What are some spaces that you are not using to their max capacity?

Using the websiteNeighbor.com, you can rent out either physical storage space or vehicle storage space. Both are great options!

5. Buy an RV and Rent It Out

Another option for getting into the real estate game is to purchase a less expensive type of real estate, such as a recreational vehicle (RV). Usually, a new RV costs between $30,000 to $100,000. However, used RVs are often much cheaper and can be priced as low as $10K to $20K.

Plus, most RV vendors have lots of financing options available, which means that you can acquire them for a small down payment while making loan payments over time that may only be a few hundred dollars a month.

(Video) 8 Ways To Invest in Real Estate with NO MONEY (for beginners) 2023

After acquiring an RV, you then rent it out on one of these popular sites:

As long as the monthly cash flow that you are making from renting out your RV exceeds your costs to acquire and maintain it, this can be an inexpensive way to get started in the world of real estate investing.

6. Real Estate Crowdfunding

Another easy ways to get into real estate investing is by becoming a passive investor in other people’s deals or real estate funds.

One way to do this is to invest through a real estate crowdfunding platform that allows individuals to pool their money together to invest in properties.

There are several online platforms that offer this opportunity, with CrowdStreet.com and Fundrise.com being the two best known. Other companies that offer this option include:

  • Arrived Homes
  • LEX Markets
  • Streetwise
  • RealtyMogul
  • Groundfloor

The benefit of this approach is that you can often get started in real estate for small amounts of money, often as little as $500 to $1,000.

7. Real Estate Syndications

Next we have real estate syndications. Real estate syndications are when you become a silent, passive investor in someone else’s deals. You could do this by partnering with a local person who is a savvy real estate investor.

Alternatively, you can do this by investing as a “Limited Partner” (called an LP) in other people’s real estate deals or funds.

A “Limited Partner” is someone who invests money in exchange for an ownership stake in a real estate asset, but whose financial downside is limited to the amount of money they invested. This person is not involved with the day to day operations of the asset.

Some companies that offer this opportunity are:

Of course, there are many other options too. You can see a full list real estate syndications here.

(Video) How to Invest in Real Estate in 2023 (With NO Experience) | Start From Scratch

8. Buy REITs

Real Estate Investment Trusts (REITs) are portfolios of income-producing real estate assets, such as office buildings, retail centers, apartments, and hotels.

For a beginner, they are an easy way to get exposure to the real estate market without directly owning or managing any property.

REITs are traded on major stock exchanges. You can buy and sell it like any other stock, so you just need to know their ticker symbol in order to buys shares. You can use apps like Robinhood, SoFi, Axos, or others to easily buy shares of REITs using your smartphone.

Examples of REITs include LTC Properties, Inc. (LTC), CTO Realty Growth, Inc. (CTO), and others.

The downside of REITs is that you own shares in the REIT instead of shares in the actual assets, so you will lose many of the benefits of direct real estate investing. However, if the real estate market does well, this is a way to capture some of the upside and it is a truly passive investment.

Getting into the Real Estate Investing Game

Investing in real estate can be very rewarding, both financially and personally. The best way to get into real estate is to get educated. I’d suggest that you either into taking some classes online, join a local real estate club, or get to know someone who is already investing in real estate who can show you the path.

Once you understand the basics well, start shopping real estate and making offers on properties that fit your criteria. Many opportunities are awaiting you. So explore your options and find the one that best suits your needs and interests.

Want to learn more ways to improve your finances, investing, or health? Explore the rest of the blog today.

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5/5 - (3 votes)


How to make money in 2023 real estate? ›

Here are four of the best ways to invest in real estate in 2023.
  1. Investing in REITs (Real Estate Investment Trusts) One of the best ways to invest in real estate in 2023 is to invest in REITs. ...
  2. Fix-and-Flip Real Estate Strategy. ...
  3. Long-Term Rental Strategy. ...
  4. Short-Term Rental Strategy.
Nov 11, 2022

What is the best way to invest in real estate in 2023? ›

Investing in real estate in 2023
  • Buy your own home. You might not normally think of your first residence as an investment, but many people do. ...
  • Purchase a rental property and become a landlord. ...
  • Consider flipping houses. ...
  • Buy a REIT. ...
  • Use an online real estate platform.
Mar 28, 2023

Is real estate a good investment in 2023? ›

Despite what some may think, 2023 is still a good year to invest in real estate, thanks to advantages like long-term appreciation, steady rental income, and the opportunity to hedge against inflation. Mortgage rates are expected to decline, but the housing market is likely to remain competitive due to low supply.

How can I succeed in real estate with no money? ›

10 Best Ways to Invest in Real Estate With Little or No Money
  1. Purchase Money Mortgage/Seller Financing. ...
  2. Investing In Real Estate Through Lease Option. ...
  3. Hard Money Lenders. ...
  4. Microloans. ...
  5. Forming Partnerships to Invest in Real Estate With Little Money. ...
  6. Home Equity Loans. ...
  7. Trade Houses. ...
  8. Special US Govt.
Apr 2, 2023

How to make $1000000 a year in real estate? ›

How To Make A Million Dollars In Real Estate
  1. Learn About Real Estate Investing.
  2. Establish Your Goals.
  3. Start Now, But Start Small.
  4. Write Offers For Affordable Deals.
  5. Generate Cash Flow.
  6. Start Growing Your Portfolio.
  7. Invest In Larger Properties.
  8. Continue Growing To 1 Million Dollars.

Why buying real estate in 2023 could be a good idea? ›

There are more people to house and less inventory being created to house them. This leaves a huge opportunity for new construction projects. Since many renters are moving in with family or seeking a roommate due to recession fears, multi-family homes are ideal to meet this demand.

How to invest in real estate with $1,000 dollars? ›

  1. Real Estate Investment Trusts (REITs) Real estate investment trusts (REITs) are one of the best ways to invest 1,000 dollars, and are beginner-friendly. ...
  2. Real Estate Crowdfunding. ...
  3. Real Estate Partnerships. ...
  4. Real Estate Wholesaling. ...
  5. Peer-To-Peer Microloans. ...
  6. Turnkey Rental Real Estate. ...
  7. Tax Liens. ...
  8. Hard Money Loans.

How do you invest your first $1,000 in 2023? ›

How to invest $1,000 right now — wherever you are on your financial journey
  1. Build an emergency fund. An emergency fund is crucial to your financial health. ...
  2. Pay down debt. ...
  3. Put it in a retirement plan. ...
  4. Open a certificate of deposit (CD) ...
  5. Invest in money market funds. ...
  6. Buy treasury bills. ...
  7. Invest in stocks.
Apr 13, 2023

How to invest 150k in real estate? ›

Where To Invest $150k In Today's Real Estate Market
  1. Wholesaling properties.
  2. Fixing and flipping homes.
  3. Buying and holding rental properties.
  4. Investing in mortgage debt.
  5. Private money lending to other investors.
  6. Stocks, REITs and partnerships.

Will 2023 be the best time to buy a house? ›

The housing market will be tepid in 2023, with only lukewarm demand and a limited amount of inventory available for sale,” McBride predicts. However, “mortgage rates could pull back meaningfully next year if inflation pressures ease.”

Is flipping houses profitable in 2023? ›

Is House Flipping Profitable in 2023? Yes! If you get the basics right, flipping homes in California is easier in 2023 than flipping homes in 2021's competitive market. You Make Money When You Buy Your Flip: Stick to the home flipper's 70% rule.

What is the profit of flipping houses? ›

Homes flipped in 2022 were sold for a median price nationwide of $320,000, generating a gross flipping profit of $67,900 above the median original purchase price paid by investors of $252,100.

How can I make a lot of money fast in real estate? ›

  1. 7 Fastest Ways to Make Money in Real Estate. ...
  2. Renovation Flipping. ...
  3. Airbnb and Vacation Rentals. ...
  4. Long-Term Rentals. ...
  5. Contract Flipping. ...
  6. Lease to Buy. ...
  7. Commercial Property Rentals. ...
  8. Buying Land.

Is real estate the fastest way to get rich? ›

There is no quick way to make money or get rich in real estate, but you can grow wealth gradually and consistently by investing correctly. You are probably aware that there are numerous ways to accumulate wealth, but real estate is one of the most effective.

What are the three basic ways to make money in real estate? ›

Key Takeaways
  • The most common way to make money in real estate is through appreciation—an increase in the property's value that is realized when you sell.
  • Location, development, and improvements are the primary ways that residential and commercial real estate can appreciate in value.

Why real estate creates 90% of millionaires? ›

Federal tax benefits

Because of the many tax benefits, real estate investors often end up paying less taxes overall even as they are bringing in more income. This is why many millionaires invest in real estate. Not only does it make you money, but it allows you to keep a lot more of the money you make.

Can I afford a 1 million dollar house if I make 100k a year? ›

Experts suggest you might need an annual income between $100,000 to $225,000, depending on your financial profile, in order to afford a $1 million home. Your debt-to-income ratio (DTI), credit score, down payment and interest rate all factor into what you can afford.

Can you make 10k a month from real estate? ›

One thing is certain, real estate and rental properties in particular can be one of the best ways to build passive income and reach goals lie $10,000 a month without having to do much work.

Why real estate is no longer a good investment? ›

Real estate is probably the only illiquid investment that is held by middle-class people in their portfolio. Selling real estate is difficult in all markets. In downtimes, it becomes even more difficult, and sellers often have to wait six months to one year before they can obtain cash in lieu of their property.

Is real estate better than stocks? ›

While stocks are a well-known investment option, not everyone knows that buying real estate is also considered an investment. Under the right circumstances, real estate can be an alternative to stocks, offering lower risk, yielding better returns, and providing greater diversification.

Where to invest $5,000 in real estate? ›

Real Estate Investment Trusts (REITs)

REITs are an appealing option for those with $5,000 to invest because REITs are similar to stocks. You can purchase shares in real estate and diversify your portfolio by investing funds in theaters, malls, mortgage debt, and more.

What is the 1 rule in real estate investing? ›

What Is The 1% Rule In Real Estate? The 1% rule of real estate investing measures the price of the investment property against the gross income it will generate. For a potential investment to pass the 1% rule, its monthly rent must be equal to or no less than 1% of the purchase price.

How to start investing in real estate with as little as $500? ›

Don't have $500 — or even $100 to spare? If you don't have that kind of time or money, you may want to look into real estate investment trusts (REITs). These are funds pooled together from thousands of investors to invest in one property, like a mutual fund.

How to become a millionaire investing $200 a month? ›

Investing as little as $200 a month can, if you do it consistently and invest wisely, turn into more than $150,000 in as soon as 20 years. If you keep contributing the same amount for another 20 years while generating the same average annual return on your investments, you could have more than $1.2 million.

How much does a 20 year old need to invest to become a millionaire? ›

We calculated that assuming an investor gets a 3% annual return on his or her assets, he or she would need to invest $1,720 every month for thirty years in order to attain $1 million, starting with a $1,000 initial investment. $100,004,764 would have been earned by the end of the thirty years.

How to invest to become a millionaire in 5 years? ›

Here's how you can become a millionaire in five years or less.
  1. Select your Niche. ...
  2. Put aside 20% of your income every month. ...
  3. Don't spend anything other than essentials. ...
  4. Get out of debt as quickly as possible. ...
  5. Start building Passive Income Streams.
Sep 28, 2022

How much monthly income will 100K generate? ›

How Much Does A $100,000 Annuity Pay Per Month? A $100,000 annuity would pay you approximately $508 each month for the rest of your life if you purchased the annuity at age 60 and began taking payments immediately.

How to invest in real estate to become a millionaire? ›

9 Tips on How to Become a Millionaire Real Estate Investor
  1. #1: Learn About Real Estate Investing. ...
  2. #2: Set Clear Goals and Have a Plan. ...
  3. #3: Stop Waiting to Get Started. ...
  4. #4: Make Offers with Terms You Can Afford. ...
  5. #5: Generate Cash Flow. ...
  6. #6: Grow Your Portfolio. ...
  7. #7: Work Up to Larger Properties. ...
  8. #8: Keep Growing.
Jan 24, 2022

Can you live off $100 000 dollars? ›

A $100,000 salary can typically afford at least basic living expenses even in America's most expensive cities. However, living in such places can make it harder to build your savings and invest toward your future.

What is the best age to buy a house? ›

There's no “right” age to buy a home, but it's smart to evaluate where you are in life as you decide whether or not to buy.
At What Age Do Most People Buy?
Age RangeHomeownership Rate
35 to 44 years old61.0%
45 to 54 years old69.8%
55 to 64 years old76.0%
Age 65 and over80.2%
Mar 6, 2022

What month is the best to buy a house? ›

Late summer is the best season to buy a house if you want a shopping experience with enough inventory to find a home you love, while benefiting from sellers lowering prices before the fall. Therefore, the best month to buy a house is August.

Will mortgage interest rates go down in 2023? ›

The Mortgage Bankers Association predicts rates will fall to 5.5 percent by the end of 2023 as the economy weakens. The group revised its forecast upward a bit — it previously expected rates to fall to 5.3 percent. Meanwhile, Fannie Mae's Duncan expects rates to be in the “high 5s” by the end of 2023.

Can you become a millionaire flipping houses? ›

You could make $1 million a year flipping houses, but it is not as simple as it may seem. To run an operation large enough to flip low-margin houses, you will need a team and a lot of help. There are many costs involved that eat into that profit.

Can you be rich flipping houses? ›

Done the right way, a house flip can be a great investment and incredibly profitable. In a short amount of time, you can make smart renovations and sell the house for much more than you paid for it.

Is flipping houses a good side hustle? ›

Flipping houses is a great side hustle that can grow into a lucrative portfolio if you take the time to plan, learn from mistakes made and create opportunities to move into other avenues of real estate investing. If you are serious about investing in real estate, consider applying for a home loan online now.

What is the 70% rule in real estate flipping? ›

Put simply, the 70 percent rule states that you shouldn't buy a distressed property for more than 70 percent of the home's after-repair value (ARV) — in other words, how much the house will likely sell for once fixed — minus the cost of repairs.

What is the most expensive part of flipping a house? ›

Repairs are typically the biggest expenses involved in flipping a home or distressed property. But they aren't the only costs you'll face. If you're working with a listing agent to sell your renovated home, you'll need to pay them a commission.

What is the 70% rule for house flipping? ›

Many real estate investors use the 70 percent rule to determine if a house is worth the time and money it would take to flip. The basic principle is that a flipper should never buy a home for more than 70 percent of its after-repair value (ARV) while also factoring in the cost of renovations.

What type of real estate brings in the most money? ›

What Types of Commercial Properties Are the Most Profitable? High-Tenant Properties – Typically, properties with a high number of tenants will give the best return on investment. These properties include RVs, self-storage, apartment complexes, and office spaces.

What are 4 ways you make money in real estate? ›

There are generally four different ways to make money in real estate:
  • Increase a property's value.
  • Generate regular income through a property.
  • Buy and hold residential real estate.
  • Participate in investments that don't require you to buy property.

What type of real estate makes the most money? ›

Real Estate Broker

A real estate broker is permitted under law to negotiate and organize real estate dealings. A career as a real estate broker is one of the highest paying and lucrative professions in the real estate industry. On average, experienced brokers take home a six-figure pay.

How to get rich in 2023? ›

10 Ways for Millennials To Get Rich in 2023
  1. Become a Realtor. ...
  2. Get Into Aggressive Investing. ...
  3. Start a Digital Company. ...
  4. Take on Freelance Work. ...
  5. Become a Consultant. ...
  6. Offer Coaching Services. ...
  7. Start a Small Business. ...
  8. Jump on the Short-Term Rental Trend.
Mar 3, 2023

How to make money in real estate for beginners? ›

How To Make Money In Real Estate: A Guide For Beginners
  1. Leverage Appreciating Value. Most real estate appreciates over time. ...
  2. Buy And Hold Real Estate For Rent. ...
  3. Flip A House. ...
  4. Purchase Turnkey Properties. ...
  5. Invest In Real Estate. ...
  6. Make The Most Of Inflation. ...
  7. Refinance Your Mortgage.
Mar 31, 2023

How do I start flipping houses? ›

How to start flipping houses
  1. Research your local real estate market. ...
  2. Set a budget. ...
  3. Get funding for flipping. ...
  4. Find a realtor with flipping experience. ...
  5. Purchase a property. ...
  6. Hire the right renovation team or do it yourself. ...
  7. Source your own materials. ...
  8. Relist and sell.

What are the 3 L's of a millionaire real estate agent? ›

The 3 L's of a Billionaire Real Estate Agent - Leads, Listings, and Leverage - are the pillars of any successful. The 3 L's of a Billionaire Real Estate Agent - Leads, Listings, and Leverage - are the pillars of any successful.

What are the three C's of real estate? ›

They evaluate credit and payment history, income and assets available for a down payment and categorize their findings as the Three C's: Capacity, Credit and Collateral.

How can I make money in real estate without owning? ›

How To Invest In Real Estate Without Owning Property
  1. Wholesaling. ...
  2. Subleasing. ...
  3. REITs. ...
  4. Crowdfunding. ...
  5. Partner With Other Investors. ...
  6. Be the Bank and Get the Return.
Mar 23, 2023

Is flipping houses still profitable 2023? ›

Is House Flipping Profitable in 2023? Yes! If you get the basics right, flipping homes in California is easier in 2023 than flipping homes in 2021's competitive market. You Make Money When You Buy Your Flip: Stick to the home flipper's 70% rule.

What is the fastest way to make money in real estate? ›

The most common way to make money in real estate is through appreciation—an increase in the property's value that is realized when you sell. Location, development, and improvements are the primary ways that residential and commercial real estate can appreciate in value.

How can I build wealth fast in real estate? ›

7 Ways to Build Wealth Through Real Estate Investing
  1. Invest in a Private Equity Fund. ...
  2. Invest eligible capital gains in a Qualified Opportunity zone. ...
  3. Invest in a REIT. ...
  4. Complete a 1031 exchange. ...
  5. Invest in a syndicate. ...
  6. Participate in a “mini-IPO” ...
  7. Invest in a private debt fund.

What is the fastest way to build wealth in real estate? ›

  1. 7 Fastest Ways to Make Money in Real Estate. ...
  2. Renovation Flipping. ...
  3. Airbnb and Vacation Rentals. ...
  4. Long-Term Rentals. ...
  5. Contract Flipping. ...
  6. Lease to Buy. ...
  7. Commercial Property Rentals. ...
  8. Buying Land.

How many houses does the average flipper flip in a year? ›

The average home flip takes about 180 days from purchase to sale. Roughly 200-250K homes are flipped each year. The total sales value of annual home flips is $500-650 billion. The average home flip generates around $60,000 in profit and close to a 40% return on investment.

How to become a millionaire by buying property? ›

9 Tips on How to Become a Millionaire Real Estate Investor
  1. #1: Learn About Real Estate Investing. ...
  2. #2: Set Clear Goals and Have a Plan. ...
  3. #3: Stop Waiting to Get Started. ...
  4. #4: Make Offers with Terms You Can Afford. ...
  5. #5: Generate Cash Flow. ...
  6. #6: Grow Your Portfolio. ...
  7. #7: Work Up to Larger Properties. ...
  8. #8: Keep Growing.
Jan 24, 2022

What builds wealth the fastest? ›

5 Tactics to Build Wealth Fast
  • 1) Pay off high interest debt now. ...
  • 2) Establish an emergency fund for liquidity. ...
  • 3) Mercilessly cut spending on things that don't serve you. ...
  • 4) Seek out higher income streams. ...
  • 5) Invest money as soon as you get it.

What is the 100X rule in real estate? ›

A common real estate investing rule a savvy real estate investor follows is to pay no more than 100X the monthly rent as the purchase price. In my example, an investor wouldn't pay more than $900,000 for my now $9,000 a month rental house.


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