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Updated almost 2 years ago on . Most recent reply

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7
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Kyle Knab
4
Votes |
7
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Starting out $50k what should I do?

Kyle Knab
Posted

So I am just starting out in Buffalo NY, I have done all my research but am torn. What should I start with? Flipping houses? BRrr some rentals? I can get pre approved for up to $250,000 conventional financing if needed. 

This will eventually be my main form of income. But for now I need to do whatever method will get me the best returns so i can eventually build up to having a large rental portfolio. 

I am not a realtor, I am somewhat handy but limited to basic rehab work (will probably mainly hire contractors) I have good credit.

Thanks for any advice in advance!

Most Popular Reply

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324
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780
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Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
780
Votes |
324
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Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
Replied
Buy a turnkey rental in the midwest and collect checks for $300-$500 a month in cashflow. Easy peasy.

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