Often individuals wonder how to invest in real estate with little or no money. Lack of money also results in a dilemma between investing in real estate vs. 401K.
In this method, one would buy a house using a hard money loan and rehab it like flipping houses. But instead of selling it after the rehab, the owner would rent it out.
Home Equity Line Of Credit (HELOC)
A home equity line of credit (HELOC) is a line of credit secured by the equity in your primary residence. You can use the HELOC funds for home improvement.
Lease Option
You pay a higher rental price compared to market rent and can create a lease so that the excess rental payment goes towards the house’s purchase price in the future.