Guest Post on The Frugal Farmer

credit: freedigitalphotos.net by Stuart Miles

credit: freedigitalphotos.net by Stuart Miles

I have a guest post featured on The Frugal Farmer today which talks about how to invest in real estate. Here is an excerpt of the post, please click on over to read the full post!

There is an allure to making it rich investing in real estate. There are late night infomercials telling you they can teach you to build a real estate empire. There are shows about making big bucks flipping houses. Real estate investing is NOT a get rich quick scheme, but it is a great way to build wealth. If done right, investing in real estate has many benefits including having monthly cash flow, tax benefits, having your tenants’ rent check pay the mortgage, leverage and appreciation. There are many ways to invest in real estate but for purposes of this post, I am going to focus on buy and hold real estate investing.

Click over to read the rest!

12 thoughts on “Guest Post on The Frugal Farmer

  1. DC @ Young Adult Money

    Heading over to read now. I can’t wait to see what you have to say on this topic. I also am trying to take a bit of different approach than the mainstream with real estate. Our rambler we have right now I’d love to continue to renovate and fix up the next 5-7 years and then move into a different home without selling it. Buying and holding for long periods of times seems to be the only way to avoid getting caught in the ups and downs of the market.
    DC @ Young Adult Money recently posted…15 Ways You Can Make Money From Your Computer Right NowMy Profile

    Reply
    1. livingrichcheaply@gmail.com Post author

      I felt the same way but I learned a lot from reading books and the BiggerPockets forum, and from speaking with others who have invested in real estate.

      Reply
  2. PhilanthroCapitalist

    I plan on getting into real estate once I’ve graduated college, so I’m excited to read your take on it. I have a few family members who work in real estate — appraising, flipping, etc.

    If you’ve ever seen the show “Flipping Out,” I’m actually closely related to the host, Jeff Lewis. He’s obviously more into show-business than the nitty-gritty, though.

    Reply
    1. livingrichcheaply@gmail.com Post author

      If I lived in an area with more affordable housing, I’d definitely look into “House Hacking” which basically is buying a house and having your roommates pay your mortgage. It’s a pretty good way for someone young to get into real estate. And since you already have family working in real estate I’m sure you can have them help you out.

      Reply
  3. Ms. Frugal Asian Finance

    It’s great to see you have a guest post on another blog. I’ve been thinking about doing the same.

    I’m also interested in buy-and-hold. Whenever I hear someone say they can teach people to get rich quick in real estate or that they have the guaranteed best strategy to be successful in real estate, I immediately get cynical and doubt their credibility.

    Reply
    1. livingrichcheaply@gmail.com Post author

      Yea, I went to a real estate seminar and it should to push you into a $200 3-day workshop which includes food. Not a bad deal, but from what I read, they really try to sell you on a very expensive mentorship program at that workshop. Real estate isn’t get rich quick but is a great wealth building tool.

      Reply
  4. Adrienne

    Awesome guest post! My husband and I are just getting interested in real estate investing; we will for sure be putting a lot of your tips to use, especially LOCATION, LOCATION, LOCATION. How true!

    Reply

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