Advice for Breaking into Real Estate with 25k Savings

[Sara Donohue]

Hi everyone,

I’m hoping to get some advice from those of you with real estate experience. Here’s a bit of background on my situation:

I currently own my home, and my monthly expenses are about $2,000. Right now, there isn’t much opportunity for rental income with my current property. By the end of this month, I’ll have saved up around $25,000, and I’m really eager to break into real estate.

If you were in my shoes, how would you use that 25k to get started? I’m open to any advice or suggestions on how to make the most of it.

Thanks in advance for any guidance—I appreciate your insights!

[Nathan Gesner]

Quote from @Sara Donohue:

I don't know your market, your skills, your goals, etc. It's hard to give directions when I don't know where you are going, where you are starting from, or whether you are walking, riding a bicycle, or driving a car.

One thing I do know: do not spend all your money! If you have $25,000 saved up, I would keep at least $5,000 of it as a reserve to handle unexpected expenses.