Starting out investing and need advise

[Ziad Ibrahim]

Hey everyone, I'm newbie to the REI and planning to start soon. But wanted to ask for your advise based on my current situation.

I'm looking to start investing early 2020, I have been reading and educating myself for the last 6 months or more and I want to start investing to have real experience. By early next year I will have anywhere between 50k-70k in savings, and I'm mostly interested in buy and hold for cash flow but open to other investing options. I will have more savings down the road.

From your experience, what do you think the best option that I can start with? buy cheap property within the amount above, renovate and rent. buy property ready for rent with the amount above, or put the amount above as 20% down payment or so for more expensive property. or other option you recommend.

I'm located in Philadelphia PA and from my shy research there are no good deals available for rental properties. maybe areas around the city yes, so I'm open to invest out of state.

Please note that I work overseas so I will not be in country except during couple of R&Rs a year and will have to build a team, which I already experienced the process of buying my personal property when I was overseas and the team I hired took care of everything. Also note that I work in construction, currently commercial and government (DOS) but worked on many multi-family HUD renovation projects before.

Thank you in advance. 

[Alyssa Dyer]

@Ziad Ibrahim I'd leverage and buy 2-3 properties with 20% down. In OKC you can still cash flow a couple hundred a month from a property that only costs 65k, while of course having your tenants pay your equity!