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Updated about 7 years ago on . Most recent reply

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22
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5
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Meldeine Sipes
  • Lompoc, CA
5
Votes |
22
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What would you do with 20k?

Meldeine Sipes
  • Lompoc, CA
Posted

If all you had was 20k, and only 20k to pay for everything (DP, closing, etc)... how would you invest it in real estate?

Use it as DP for multiple 50k apartments? 

DP for a single family home?

Or find somewhere else other than RE?

Most Popular Reply

User Stats

81
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47
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Cynthia Hartley
  • Investor
  • Washington, DC
47
Votes |
81
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Cynthia Hartley
  • Investor
  • Washington, DC
Replied

If all I had was $20K, I would buy a SFH and get housemates to fully or partially pay the mortgage. That is what I did. I lucked out with market appreciation, which then allowed me to refi or get a HELOC to purchase another property as an investment.

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