Moneywise
4 min read
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Not so long ago, Mario Kelly was homeless and sleeping in his van in Detroit, parked outside the kind of expensive homes he dreamed of owning one day.
Now the self-made millionaire lives in one of those homes, and was featured as 2024’s Entrepreneur of the Year in Beautiful + Machine Magazine.
-
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how
-
BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis
-
Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10)
He tells his story — and how it all started with a $6,500 fixer-upper and $27 worth of cleaning supplies — in his book, The $27 Millionaire.
Kelly shared his story with Fox 2 Detroit.
Once married with a job at Ford, Kelly eventually found himself divorced, unemployed and living in his van. He told Fox 2 that what kept him going was his belief in a better future.
One day, he noticed police placing an abatement notice on a run-down house, warning of hazards inside. Kelly learned more about problems with the home and believed he could tackle them himself.
He tracked down the owner and bought the home for $6,500. Room by room, he fixed it up, building skills along the way.
If you dream of making a small investment in real estate pay off big, consider Arrived, a real estate investing platform backed by world class investors like Jeff Bezos.
Arrived allows you to invest in shares of SEC-qualified investments in rental homes and vacation rentals without taking on the responsibilities of property management or homeownership.
You can get started with just $100, not $6500, and you don’t need Kelly’s cleaning skills or passion for DIY. Browse their curated selection of homes, each vetted for their appreciation and income potential.
Once you find a property you like, you can choose the number of shares you want to buy and start investing in real estate in minutes.
Another option is Homeshares, which gives accredited investors access to the $35 trillion U.S. home equity market — a space that’s historically been the exclusive playground of institutional investors.
With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property.
