What is your first move with $20k?

[Craig Moore]

BP,

Let's say you are fresh in the game of RE. What is your very first move with $20k to invest? *You are interested in buy-and-holds and replacing your job income over the course of the next 8-10 years*

Thoughts?

[Linda S.]

IMO, if you have $20K, I'd put a down payment on multifamily house.   You can house hack, live there, and immediately get rental income from the other units.    You only have to put 3-5% down because it's a primary residence, so you can use anything extra to do renovations to the units.       After a few years, you can do an equity line and go invest in other properties.  

Doing this is like the express lane to wealth!