8 Ways to Get Into an Investment Property

2. Heloc: Home equity line of credit: This means you borrow money from the value of your home to buy another property.

3. Equity Partner: This is when you find someone who wants to invest with you and share the money. You both own the property together and make decisions together.

4. Debt partner and private lending: This is when you borrow money from someone who wants to lend it to you. They can be an individual or a group of people who are willing to invest in your property. This blog is a great resource to illustrate why having debt can be a positive.

5. It's an easy way to update the look of a room: Upgrading your light fixtures is an easy way to instantly update the look of a room. With a little bit of effort, you can create a whole new atmosphere in your home.

6. Master lease option with right to sublet: This is when you rent a property from the owner and then rent it to someone else. You become the middleman between the owner and the renter.

7. Seller financing: This is when the seller lends you the money to buy the property. You make payments to the seller instead of a bank.

8. BRRRR Method: Buy house using cash, Rehab, and repair (See our blog on how to have a successful home renovation here), Rent it to tenants, Refinance for a cashout, Repeat and recycle the money: This is a long-term investment strategy where you buy a property, fix it up, rent it out, refinance to get your money back, and repeat the process. 

To make the best decisions, it's important to work with the best real estate team or agent who can help you navigate the different options and choose the best strategy for your goals.