Episode #1,028 Get Free Property Management Software for Landlords with Hemlane: https://www.hemlane.com/free-biggerpockets/?utm_source=biggerpockets&utm_medium=partnership&utm_campaign=bpyoutube_free Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab Ashley’s Book, “Real Estate Partnerships”: https://store.biggerpockets.com/products/real-estate-partnerships?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch See Ashley and Dave at BPCON2024 in Cancun! https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none Why Your Small Town Is (Probably) the Best Place to Buy Rentals: https://www.biggerpockets.com/blog/real-estate-1018?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Want to know how to invest $50K in real estate? We’re going to show you exactly how to do it, EVEN in 2024. You can use any of the four strategies we share to start investing in real estate with $50K or less, and you don’t need previous real estate investing experience to try them out. Some of these strategies are best for those who already own a home or are willing to invest out-of-state. But even if you want to stay in your area while investing in real estate, we have an option for you! Okay, so you’ve got $50K (or less) that you’ve saved up for your first real estate deal. Do you immediately start investing? NO. There are a few quick things that you need to do first (don’t worry, they’re free) before you can make your first real estate investment. Following these steps will help you make MUCH better choices on your next investment property and will let you sleep at night if/when things go wrong. After that, you can choose any of the four beginner strategies to start investing in real estate (we’re not just talking house hacking!). We even share an expert tip about some of the best markets to get into as a beginner with solid demand and lower home prices, allowing you to invest if you’re getting priced out (or have too much competition) in the bigger cities! 00:00 Intro 02:50 Can You Start with $50K? 07:44 What to Do BEFORE You Invest 13:02 1. Add Value to Your Home 19:10 2. Buy a $160K Rental Property 25:05 3. Get a Money Partner 32:21 4. House Hacking 34:47 DON'T Overlook These Markets