Here's How to Get Started in Real Estate Investing on a $50,000 Salary
There are a lot of reasons not to invest, good and bad. It's good to wait to invest until you've paid off high-interest credit card debt. It's bad to wait because you're nervous about how long it will take to fill out the brokerage account application.
One of those reasons is salary. If you make $50,000, you may think it's impossible to invest, in real estate or stocks, until you're making more money, especially in an inflationary environment. Obviously, it depends on your situation, but just because you can't buy a 100-unit multifamily building or a huge office-warehouse doesn't mean you can't do anything.
Let's discuss three things you can do to start investing in real estate, even with a salary of $50,000: start saving, buy REITs, and buy your residence.
Source Fool.com
