Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Starting Out
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 19 years ago,

User Stats

11
Posts
0
Votes
N/A N/A
0
Votes |
11
Posts

Investing with around 25-30k

N/A N/A
Posted

I am looking to invest around 25-30k hard cash into something thats either flipable or long term. Now since the market here in LA, CA is through the roof and impossible to provide any positive cash flow, I decided to look elsewhere in the country. I am either thinking of buying distressed HUD 2-3 units home and rehabbing it, or purchasing a 2-3 units near a well known University and collect rent. Which is a better option for a out of state investor such as myself??? Any advice or input greatly appreciated, since I am a newbie that never even own a home.

My goal is to creat positive cash flow, and hopefully owning at least 5-15 properties in the next 5 years, be able to quit my full time job to spend more time with my family and be in this rewarding hobby call REI.

BTW the cities I been looking at are:

Buffalo, NY - But probably wont do it after I talked to a few people that still have families there

Ithaca, NY - I am leaning forward to this but worries about an exit stragtegy if something was to go wrong since the last year I think only 135 homes were sold.

Ohio - not sure where yet.

John

Loading replies...