With $10,000 on hand where is the best place to start?

[Joseph Newton]

Hi,

For an investor who has about $10,000 cash on hand what would be the best way to start investing? If the eventual goal is to get to flipping a house a month, but aware that in order to learn and build capital it will be a journey to this point. 

Also, if you have good credit, what are the best finance options? Specifically if the investor did not want to move into the properties them self.  

Thanks for you advise and opinions!

Joe

p.s. If anyone has a lender who they have worked with in the DFW area (Texas) I would love to know. Some one who has experience working with investors. 

[Lumi Ispas]

@Joseph Newton, if you don't own a property, I will say buy a 3-4 flat with 3.5% down with an FHA loan, where three of the rents cover all the expenses and you get the fort unit for free. You can have the seller pay your closing cost and the 10K should be enough to help you buy up to almost 300K worth of property.

Good luck to you!