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Dave Says…Crowdfunding Real Estate?

By Dave Ramsey | on May 4, 2024 | 0 Comment
Expert Advice Featured Financial Real Estate

Dear Dave,

I’d like to get involved in real estate investing, but I don’t have a lot of cash at present. What do you think of the idea of crowdfunding as a way to invest in real estate?

Adam

Dear Adam,

Dave RamseyI’ve got a bunch of real estate, and I love it. But I wouldn’t go the crowdfunding route as a way to get started in real estate investing. I wouldn’t give someone money to buy real estate in a crowdfunding scenario, either.

The late Beverly Sills had a great saying: “There are no shortcuts to anyplace worth going.” Investing in real estate is wonderful when you do it right. Get out of debt first, pay cash, and find great bargains. When you get in a hurry, and do dumb stuff like go into debt or get mixed up with partnerships in the process, real estate’s a horrible investment.

I admire your ambition, Adam. But I would advise you to follow my lead on this one. You’ll be glad you did!

—Dave

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Author Description

Dave Ramsey is America’s trusted voice on money and business, and CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 12 million listeners each week on 575 radio stations and multiple digital platforms. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com.

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