Starting out with $5,000

[Justin Bentivegna]

Hello All, 

After saturating myself in "information" for the past year and a half, I would like to get my hands dirty in real estate. I live in an overpriced market and after reading David Greene's book on long distance real estate investing, I am targeting the TX, Indianapolis, FL, Ohio, markets. I would like to either BRRRR or purchase a SFR and scale up over time.

My initial struggle is figuring out financing. I have about $5k in savings. My primary residence should be able to get me a decent HELOC (not sure if I can tap into it yet). I have only been living here for 5 months but the house was appraised very high and I bought it at a great price. Keep in mind I live in New York (expensive market).

I am also open to hard money lending. Looking for any advice or suggestions. 

Thank you!