Investing In Real Estate Without Doing Any Work

Fundrise Portfolio

As I continue on my real estate journey, I’m finding more ways to invest in real estate. One day I found a way to invest in Real Estate where I didn’t have to go property shopping, looking for ways to fund the property, nor did I have to put in work to rehab the property. I came across an ad for a company that required a minimum of $500 to begin and they did all the work. The company is called Fundrise.

Fundrise is a crowd-funding platform for real estate investors. Investors looking to update or build new properties provide documentation to Fundrise and Fundrise raises the money for them from people like me looking to get a better return on their money than they would from a bank. They have different levels of investors (Starter, Core, Advanced, Premium) and you get to choose your investment level. By that, I mean, do you want to be more or less aggressive with the returns you receive. You can also choose to invest as an individual or as a company without being accredited investor.

In addition to investing in the stock market, I chose the alternative. I’ve been investing for almost 2 years with Fundrise and I really like it. Not only do they do all the work, but they send me dividends on a quarterly basis directly to my bank account and provide updates on how the properties are doing.

If you are interested in investing or diversifying your portfolio and looking for a place to start, I recommend Fundrise and if you’re interested in joining click on the link and you and I both will have our advisory fees waived for 90 days.

Why I Invest in Tax Liens

Mailbox Money

My primary goal is to uplift and provide affordable housing for the community I grew up in, but I also want a better return on the dollars I make than the traditional bank will provide in order to meet my goals. So yes, I’ve jumped on the Tax Lien buying band wagon.

No, I did not pay someone $97 for a course. No, I did not have pay $300 for a Consult. I simply took a few hours in the evening after work to research and learn how the process works. In the words of Brandon Turner from Bigger Pockets, “I did my own push-ups.”

One day I came across an article that explained the difference between Tax Liens and Tax Deeds. Then I came across a map of all the US states and what months they have their Tax Liens and Tax Deeds sales with the redemption period. I printed all this information and I read it. Then I went to YouTube and did a search on Tax Liens and found the perfect video for me. In the video, the person was actually showing what properties they bid on based on their preferences and goals as well as showing the audience how the bidding worked on the bidding website.

The next thing I knew I was buying a left over Tax Lien from Duval County in Florida. A month later, I got a check in the mail. Yes, I was skeptical and I did not know everything, but I knew enough to know how much I could afford to pay for a Tax Lien and what kind of property I was looking for. So I didn’t spend $1000 nor did I spend $100 on my first Tax Lien. I wanted to get my feet in the game and see how it worked For me, that was enough. To date, I have purchased about 5 Tax Liens in different states. I do this with the immediate thought that I’m going to get a better interest rate on my money rather than thinking I’m going to have foreclose on someone’s home. To date I have yet to have to foreclose on a property.

My beginning steps into Real Estate Investing

A note and a nice tip from one of my Airbnb Guest

My first real estate experience was being an Airbnb Host. I thought it was a great way to make a little extra cash. After researching and reading about the many regulations and rules by the state of Florida and Palm Beach county on top of managing the Airbnb itself, I gave it a try. After all, I was only renting the extra bedroom in my primary residence.

I filed all the paperwork and received licenses required and I went on the Airbnb website to setup an account. I added pictures to showcase the room, set the schedule and pricing and the Do’s and Don’ts. At first, I set the price low just to see how many inquires I would get. After about a week, I received inquires from the first guest I would accept. After a few guests, I started getting the hang of it.

About 4 months into hosting, I was getting worn out. Between washing the sheets every few days and the cleaning, having guests that didn’t read the Do’s and Don’ts, and guests coming in and out at crazy times of the night, I decided that this may not be for me. So after 6 months, I had my last guests. The overall experience was great. I met some really great people and earned a little bit of money. I would definitely recommend becoming an Airbnb Host to anyone who has the space and looking to make some extra money. I would just caution them to make sure they are comfortable with hosting at their primary residence.