15K - 20K to invest...starting out

[Taj Hayden]

In November I expect to have a small amount of cash to invest.  Due to this limited amount I'm thinking about the following options:

-  Partner w/ another investor (I provide the cash for rehab?)

-  Use it to be a private lender in order to build reserve up over time (I assume this would need to be with investors outside of WA state where there's more affordable housing)

-  Wholesale (don't need a partner)

-  Another option I missed?

Thanks in advance for the comments!

[Michael Ablan]

Hey Taj,

What is the average $ home in your area? Depending on where you live, you could use that money as a downpayment for an FHA 3.5% down load, or USDA 0% down loan. You can also roll in your closing costs as a concession if the purchase price is over 100k~. If you go the FHA route, you can bundle it with a 203k construction loan, which you can use to help you rehab a property. Then you can use the BRRR method to pull your money out and do it again,,,and again..........and again.

Good luck!