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TL; DR
Pros:
- You can start with a minimum of $10 per note
Cons:
- Your capital, like most real estate investments, is tied up for several years
Real Estate is commonly touted as the most common way to build long-term wealth. You may also hear about stocks, cryptocurrency, and many other options for achieving financial freedom.
Until recently, Real Estate has been something only the elite or ultra-wealthy could participate in to build wealth.
However, times have changed. With the increase in venture capital and funding of new startups, and more opportunities to create lower entry points with crowdfunding, Real Estate has never been easier to get into.
A new player that I discovered a few years back is GroundFloor. I found this to be similar to what LendingClub used to do with lending notes in a peer-to-peer fashion. Those new to passive income will find this model similar to LendingClub, but even those unfamiliar will find this model intriguing due to its low barrier of entry.
So, let me explain: with GroundFloor, you can invest as little as $10 per note in different real estate projects, which differ in terms of equity, debt funding, house renovations, and other initiatives of home funding projects. There are a variety of properties across the US, but I tend to see more in the Midwest and East Coast.
Want to Fast Track to Building Wealth?
Get $100 to invest when you refer a friend (we’ll give your friend $100, too!).
If you want to get started, click the link below:
https://app.groundfloor.us/r/bee310
Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase
Tags: #lifeleveler, #buildwealth, #FIRE, #RealEstate, #crowdfunding, #passiveincome, #GroundFloor, #startups