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Updated over 6 years ago on . Most recent reply

10k to invest, real estate? Or mutual fund?
I am currently working full time and I have saved up 10k that I am able to invest. Some background on me, I am fairly new to real estate investing and I am still learning, 25, and I work full time. Ive been learning as much as I can and feel lIke Im ready to get my first deal done. With that being said I would like some feedback on what to do next.
Should I invest in real estate? Or wait and put my money in a mutual fund and wait to have more money to invest?
Most Popular Reply
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Hi Luis. I would recommend continuing to learn and building up your savings. You can start networking and contacting realtors, contractors, property managers, etc... to build your "Core 4." You could also try to find another person to partner with on a deal, where you have to bring little/no money and just put in sweat equity. $10k, depending on the investment type, is still slightly low for purchasing a passive rental property. Even properties that are usually $40k-$50k will usually require some extra capital for repairs (as well as closing costs).