What would you do with the money??

[Brian King]

I am a 22 year old from West Virginia. I just purchased my first house last year to live in, and I am getting back the tax credit for purchasing the house. I will have about 15,000 to invest, should I start out flipping properties or buy a rental? Real estate is not extremely expensive in WV like it is in other states. I could buy a nice small house for 40,000, pay 15,000 down and rent it for around $500 a month. What would you do?

[Anthony Larson]

I would never put 35% down on a house. I would try to buy two houses, 6k down a peice and have 3k left over for reserves. put the numbers on here to get analysed before buying to make sure they will cash flow