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Updated about 6 years ago on . Most recent reply

User Stats

35
Posts
12
Votes
Baahir Starkey
  • South Jersey
12
Votes |
35
Posts

What woud you with your first buy with 30k

Baahir Starkey
  • South Jersey
Posted

Hello inventors , my name is Baahir. I am new to the world of real -state . Im am 27 with no kids and looking to invest and create cash flow . I’ve have around 25-30k in  money to start ? What do you guys think is the best option to go towards investing ? A Duplex or a single family ? I live alone in apartment right now by myself. Just liking to see what would be the best option in my sit

Most Popular Reply

User Stats

10
Posts
3
Votes
Dusty Sanguinetti
  • Rental Property Investor
  • Sonora, CA
3
Votes |
10
Posts
Dusty Sanguinetti
  • Rental Property Investor
  • Sonora, CA
Replied

@Baahir Starkey I think househacking would be a perfect strategy for you. If you acquire a 2-4 unit property and occupy one unit you should be able to save lots of money. Not only will you get a better mortgage rate on a owner occupied residence you don’t have to put down 20%plus on a property. On top of that you should be saving a lot or living for free compared to your current apartment rent. With that savings you can acquire another property sooner. Just my 2 cents, I wish you the best of luck on your journey.

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