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These 3 Surprising Tips Can Help You Invest in Real Estate — For Under $500


The job title “real estate tycoon” has weaseled its way into popular ... or an apartment building in Charlotte, North Carolina. You can earn money through quarterly dividend payments and potential appreciation in the value of your shares, just like ...


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Dana Sitar November 19, 2017 Qusai Akoud/Unsplash Disclosure:Some of the links in this post are from our sponsorsWe’re letting you know because it’s what Honest Abe would doAfter all, he is on our favorite coin. The job title “real estate tycoon” has weaseled its way into popular conversation in the last couple of years… no need to delve into whyIt makes you wonder about buying property to rent out or sell for profitJudging by how much we all pay for rent and how little our landlords seem to do, it looks like a pretty sweet gig, right?(That’s a joke, my dear landlordPlease don’t change my locks.)This kind of investment comes with one little, er, major obstacle, though: You need a lot of money to get startedHouses or land can costs thousands — or hundreds of thousands — of dollarsUnless you get creative.Here are three unusual ways we’ve discovered to get started in real estate investing when you only have a few hundred bucks to spare1Invest in Real Estate Around the Country for Just $500Want to try real-estate investing without playing landlord? We found a company that helps you do just that.Oh, and you don’t have to have hundreds of thousands of dollars, eitherYou can get started with a minimum investment of just $500A company called Fundrise does all the heavy lifting for you.Through the Fundrise Starter Portfolio, your money will be split into two portfolios that support private real estate around the United States.This isn’t an obscure investment, thoughYou can see exactly which properties are included in your portfolios — like a set of townhomes in Snoqualmie, Washington, or an apartment building in Charlotte, North Carolina.You can earn money through quarterly dividend payments and potential appreciation in the value of your shares, just like a stockCash flow typically comes from interest payments and property income (e.grent)(But remember: Investments come with riskWhile Fundrise has paid distributions every quarter since at least Q2 2016, dividend and principal payments are never guaranteed.)You’ll pay a 0.85% annual asset management fee and a 0.15% annual investment advisory fee — but the latter is being waived through Dec31.Interested? Get started with Fundrise here.2Buy Land on eBay for $100Ebay has long been a place for people to sell their weird and outlandish goods, so we’re not surprised to see users selling land for mere pennies.Most of these thrifty plots probably aren’t worth much — nowBut if you choose wisely and hang onto it long enough, a new mall or Walmart might move into town one day and need that little vacant strip.Set your budget and search on eBay for something like “vacant residential lot” or “vacant commercial lot” to find your next investment.Don’t forget to factor in additional costs, like title-transfer fees and annual property taxes when you’re thinking about how much this land could be worth over time.3Try Virtual Real Estate Investing for FreeHave you heard of the online world, Second Life? It’s a virtual world (not a game, the company asserts) that lets you have a virtual family, own a virtual home, buy virtual goods and even get a virtual jobIt became massively popular at the turn of the century, and — even if you haven’t heard about it in a while — it’s still a thing.The world runs on Linden Dollars, which you can earn through virtual jobs or by selling your virtual possessions and creationsOr you can buy them directly with your real money.You can also purchase virtual real estate to sell or rent out.Ailin Graef (known by her SL avatar Anshe Chung) became the virtual world’s first millionaire flipping real estateShe’d invest real money — which goes a lot further in the virtual world than the real one — and earn real money in return when other users bought or rented her properties.The world is free to join, and you start with a free starter pack of clothing and useful itemsIf you want to earn money through a virtual business, you’ll need to build up your Linden Dollars and start investing.It’d be tough, but if you work hard in the virtual world, you could even build your riches without spending any real money upfront!The publicly filed offering circulars of the issuers sponsored by Rise Companies Corp., not all of which may be currently qualified by the Securities and Exchange Commission, may be found at www.fundrise.com/oc.Dana Sitar (dana@thepennyhoarder.com) is a senior writer/newsletter editor at The Penny HoarderSay hi and tell her a good joke on Twitter @danasitar.Did this article help put money in your pocket?Great! Sign up for our newsletter to learn more ways to make extra money:Email address Disclosure:Some of the links in this post are from our sponsorsWe’re letting you know because it’s what Honest Abe would doAfter all, he is on our favorite coin. This article contains general information and explains options you may have, but it is not intended to be investment advice or a personal recommendationWe can't personalize articles for our readers, so your situation may vary from the one discussed herePlease seek a licensed professional for tax advice, legal advice, financial planning advice or investment advice Share on Facebook Share on Pinterest Share by SMS Share by Email Recommended Content 32 Legitimate Ways to Make Money at Home 9 Money-Saving Secrets Every Target Shopper Absolutely Needs to Know 12 Best Mobile Apps That Help You Earn Money for Doing Almost Nothing 7 Steps to Getting Rid of Student Loan Debt That Most People Haven’t Tried 8 Creative Ways to Pay Off Credit Card Debt Without Being a Complete Hermit 9 Things Everyone Has Done to Pay the Darn Rent (and What You Should Do Instead)Want to learn tons of ways to make extra money?Sign up for free updates... Email address Please read our Privacy Policy and Terms of Use.Trending in Make Money November 17, 2017Need a Day Off? Here Are the 8 Worst and the 8 Best Fake Excuses Alex Mahadevan November 19, 2017These 3 Surprising Tips Can Help You Invest in Real Estate — For Under $500 Dana Sitar November 10, 2017This Company Will Pay You $10K a Month to Live in Cancun (Seriously!) Alex MahadevanRECOMMENDED CONTENT September 30, 2015The Best Paid Survey Sites to Make Extra Money (+How to Earn $250/Month) Kyle Taylor September 19, 201612 Ways to Save Money and Add $5K to Your Bank Account This Year The Penny Hoarder April 15, 201630 of the Absolute Best Freebies We’ve Ever Found Online The Penny HoarderWant to learn tons of ways to make extra money?Sign up for free updates...Please read our Privacy Policy and Terms of Use. Email address Recommended Content 32 Legitimate Ways to Make Money at Home 9 Money-Saving Secrets Every Target Shopper Absolutely Needs to Know 12 Best Mobile Apps That Help You Earn Money for Doing Almost Nothing 7 Steps to Getting Rid of Student Loan Debt That Most People Haven’t Tried 8 Creative Ways to Pay Off Credit Card Debt Without Being a Complete Hermit 9 Things Everyone Has Done to Pay the Darn Rent (and What You Should Do Instead)Selected For You /*-1===false&&jQuery('.block-b').text().indexOf(post.title)>-1===false){if(count5){var mobile_class='col-xs-6 hidden-xs hidden-sm';}else{var mobile_class='col-xs-6';} jQuery('.category-subcategory-posts').append('+post.title+');jQuery('.recommended-'+count).append(');}}});}});clearInterval(parsely_loaded);}},50);});});/*]]>*/ This Easy Three-Step Guide Will Help You Nail Your Next Cover Letter Need a Day Off? 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