One of the most common questions friends have been asking me is: how do you have money for down payments? They say things like “I don’t make enough money,” or “I’m still paying off my credit cards and student loans,” or “we barely break even between our paycheck and expenses.” And those are only some of the reasons (or excuses) people have for not investing.
The key to real estate investing is that anyone can do it–it’s just a matter of deciding that you want to and then making choices to help move you in the right direction. Some things help, like having savings. (Step 1: spend less than you earn.)
There are some great bloggers who write on the topic of saving money (they’re like “Jedi Masters,” whereas I’m just a “Jedi Padawan” in this area, so I’ll let them take it away). Here are a couple I follow:
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