Getting into real estate can be tough for those who are new to the game. And of the many roadblocks people run into on their quest to mogul status, getting the initial funds together is one of the hardest to hurdle. Fortunately, through alternative fundraising strategies such as crowdfunding, making waves in the market is easier than ever before.

So, if you’re one of those wanting a piece of the real estate pie, here are a few reasons why crowdfunding can be your key to success:

1. Get More With Less

One of the best things about real estate crowdfunding is that it allows you to start investing with much less capital than you would if you were raising the money on your own. In fact, there are crowdfunding platforms these days that require as little as $5,000 to start investing. And although $5,000 still sounds like quite the chunk of change, when compared to what investors usually have to pay, it’s considerably less in the long run.

Depending on the overall price of your home, a down payment can be well over $5,000, and that’s even if the house you have on your eye on is fairly small. That’s why, if it is a bigger place that you’re wanting to invest in, crowdfunding can make such a big difference. And since you’re able to buy in at such a lower rate, and have additional people to rely on for the funds, it really does open up the possibilities for even fledgling investors.

2. You’re Not Alone In This

Investing can be really intimidating, especially if this is your first foray into the market. Luckily, by relying on crowdfunding, you have a team of people who are throwing in their own money to help get your investment off the ground. Sure, there are individual interests and gains at play, but ultimately you’ll be able to get the funds you need without having to break your own bank. Not to mention the camaraderie you build with these investors creates more opportunities to work together in the future.

When it comes to investing, it can be difficult to find the right, trustworthy people. But, once you do, building on those relationships and going in on other properties together really maximizes the amount of profits you are able to earn. And that’s the beauty of crowdfunding: if you’re successful even just the one time, you can absolutely be successful another time, especially if you continue to work with smart, financially-conscious individuals.

3. Diversify Your Portfolio

Since you don’t have to shell out nearly as much dough up front when you’re utilizing crowdfunding, you’re able to diversify your portfolio and invest in multiple properties at the same time. That way, if one of them happens to go south, you have several others to fall back on to make sure that no matter what happens you’re still getting paid at the end of the day. It also stretches your hard-earned dollars a lot further and really allows you to get creative with your money.

If you’re looking at getting into real estate, but can’t quite get the money together, utilizing crowdfunding will absolutely make it worth your while. It will help you get the initial funds together a lot easier, supply you with a team of fellow investors to help make your dream a reality, and of course diversify the kinds of investments that you are making. Just remember that when it comes to investing, two heads are better than one. So, get out there and start crowdfunding!