Many people think that in the real estate industry you need to have lots of money upfront to start investing and making money. While there is some truth to this, there are ways to take advantage of this lucrative industry without spending more than $500 to get started. We’re highlighting three of them here. Bonus, these ways don’t involve much time either!
- Rent out your spare room on Airbnb. If you’re not able to purchase a rental property but happen to have a spare room, consider renting it out on Airbnb. The earning potential is substantial, especially if you make your room available during high-demand times in your city.
- Become a real estate investor with as little as $500 on Fundrise. Fundrise is a crowd funded platform that allows you to invest directly in private market real estate. Plus, their investment advisors help you manage your investments, so you can feel good about your portfolio.
- Refer investors you know to the Visio Lending referral program. If you aren’t ready to be a landlord, but you know some, refer them to us! We will pay you $500 for each referral that closes on a loan.
Related: 4 Ways to Earn Passive Income Without Spending Any Money, 3 Ways to Earn Passive Income in 2018, Refer Your Network to these 5 Referral Programs and Make Money
