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Back in the early 2000s, while you were busy perfecting the layout of your Myspace profile and waiting two days for LimeWire to download Kanye West’s “Gold Digger,” Kyle MacDonald was busy trading a single paperclip for a two-story farmhouse. (Sidenote: If you remember his blog, One Red Paperclip, it’s time to start using an eye cream).
It took him 14 trades to get there, but he did it in under a year. The paperclip became a pen, which became a doorknob and then a camp stove. Eventually, he worked his way up to a box truck, then a role in a direct-to-video movie, and finally: his first real estate investment.
This isn’t totally unlike the way real estate investing for beginners works. Normally, you’d start with an affordable property, use the cash flow from that one to finance another, and then another…until you’re sitting on a beach somewhere sipping on mai tais while the money flows in, living that passive income dream.
We wouldn’t advise starting with a paperclip, but nowadays you can get started in real estate with just a $1 bill, which is close enough. Thanks to real estate investment trusts (REITs), real estate crowdfunding, house hacking, and more, real estate investing has never been more accessible. Here’s how to get started with little to no money.
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This article was originally published by a moneymade.io . Read the Original article here. .