{"id":4093,"date":"2022-02-08T09:43:23","date_gmt":"2022-02-08T13:43:23","guid":{"rendered":"https:\/\/propertyonion.com\/education\/?p=4093"},"modified":"2022-10-10T08:55:43","modified_gmt":"2022-10-10T12:55:43","slug":"how-much-money-do-you-really-need-to-begin-investing-in-real-estate","status":"publish","type":"post","link":"https:\/\/propertyonion.com\/education\/how-much-money-do-you-really-need-to-begin-investing-in-real-estate\/","title":{"rendered":"How Much Money Do You REALLY Need to Begin Investing in Real Estate?"},"content":{"rendered":"\n

So many people want to get into real estate these days, and it\u2019s no surprise given how hot the real estate market has been lately. In the third quarter of last year, U.S. markets saw home price increases in the <\/a>double<\/a> digits<\/a>.<\/p>\n\n\n\n

But for many first-time investors, getting into the real estate investing game is not easy. Putting together enough cash for a mortgage down payment is a huge hurdle.<\/p>\n\n\n\n

The median down payment on a house in 2021 was $27,850<\/a>. That\u2019s a lot of money when you consider the median income among households with a single earner is just $52,557<\/a>.<\/p>\n\n\n\n

Then there are closing costs to consider: appraisal, home inspection<\/a>, and other loan-related fees. Together, they can add another 2% to 5% to the overall cost of buying a property. Once you own the property, you\u2019ll have to pay for utilities, repairs and maintenance, property taxes, homeowner\u2019s insurance, and more.<\/p>\n\n\n\n

And that\u2019s all assuming you took the steps to find a good property deal<\/a>. Before you can walk through the finish line at closing, you need to get pre-approved for a mortgage, search for houses that meet your criteria, make offers, run home inspections and appraisals, negotiate, and sign lots of paperwork.<\/p>\n\n\n\n

It\u2019s no wonder most would-be investors give up before they get started. Yet it doesn\u2019t take as much money to get into real estate as most people think. You just have to get a little creative with how you invest.<\/p>\n\n\n\n

Let\u2019s go over different ways you can get into real estate without breaking the bank.<\/p>\n\n\n\n

\n
\n

In this Article:<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n