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Updated over 1 year ago,
Best way to use 25k to invest in real estate
Hey everyone, Im wanting to hear everyones best advice or strategy they would use for starting out with 25k cash. For some background info, I live down in South Florida so home prices certainly aren't cheap. Im willing to bet most people are going to say house hack, but thats not quite an option for me since I'll be living with my girlfriend and 2 dogs so ideally we aren't looking to have a roommate. I've considered out of state for my first investment property due to the prices being much lower up north, but then Ive had many tell me thats not the best option for it being my first property without experience. My other thought would be to use a FHA loan to buy a property here by me, live in it for a year and just eat the monthly payments myself, then cash out refi to a standard loan, rent out that property for hopefully some cash flow and do it all over again to continuously stack properties. Any thoughts or input is greatly appreciated!