How to Start Investing in Real Estate
Your potential to invest in real estate in the Triangle area of North Carolina is within reach through various financial avenues. Whether utilizing savings, a self-directed IRA account, or tapping into home equity, strategic planning can turn your investment dreams into reality.
Here are three ways to fund your first real estate investment project
Savings: Leverage your savings account as a solid foundation for your real estate venture. Assess your financial goals and risk tolerance to determine the amount you can allocate to property investment. The Phayes Group can guide you in identifying opportunities that align with your budget, ensuring a smart and secure investment.
Self-Directed IRA Account: Explore the option of using a self-directed IRA account to invest in real estate. This approach allows for greater flexibility in choosing assets beyond traditional investments and will often guarantee you much higher returns. The Phayes Group's expertise in the Triangle area aids in locating properties that fit within the guidelines of your self-directed IRA, optimizing the potential for long-term financial growth.
Home Equity: Don’t have a lot of savings? No worries, you can unlock the equity in your home as a funding source for real estate investment, via a home equity line of credit (heloc). Then we can assist in navigating the process & providing insights into the market to ensure a strategic investment that maximizes returns. Whether it's sourcing deals or overseeing renovations, our comprehensive approach covers every aspect of the investment journey.
The Phayes Group sets itself apart from other realtors with a wealth of experience not only in assisting clients but also in personally flipping our own properties. Our hands-on knowledge spans from deal sourcing to the final sale, offering invaluable insights at every step. By entrusting your investment to The Phayes Group, you benefit from a team that excels in sourcing lucrative deals, designing properties for market appeal, managing renovations, and executing successful sales strategies.
In collaboration with The Phayes Group, kickstarting your first real estate investment in the Triangle area becomes a streamlined and successful process. Our end-to-end support ensures that your financial resources, be it savings, self-directed IRA, or home equity, are optimized for a rewarding real estate venture.
If you’re not ready to do a flip by yourself just yet or don’t have the time to commit, that’s no problem. Our company conducts 1-2 flips in house every month that are open to passive investors to partner with us on.
If real estate investing interests you at all, lets chat!
Book a real estate planning call using the button below and lets get started today!
