Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 13 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Rich C
  • New York
0
Votes |
5
Posts

Best out of the gate strategy

Rich C
  • New York
Posted

If you had 50k to invest and no properties or real estate experience, but only knowledge, how would you choose to begin your real estate career?

Most Popular Reply

User Stats

1,387
Posts
663
Votes
Mark Updegraff
  • Investor
  • Rochester, NY
663
Votes |
1,387
Posts
Mark Updegraff
  • Investor
  • Rochester, NY
Replied

Do you have 50K or is this hypothetical?
If you don't have it (which it sounds like by your wording of the question), then in order to get out of the gate you need to learn how to save money. And not, "look I saved 10% on my car insurance by switching to the lizard" You need to start a saving account and "pay yourself first." Once you start to build it up you'll realized how careful you need to be about preserving it and making it work for you. I would start there. Not "what would you do with 50K"

Learn to save and investing will follow,
Mark

Loading replies...