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Updated almost 5 years ago,

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5K to invest in real estate.

Posted

I have 5k that I want to use to start investing in real estate. How would you seasoned investors recommend I start? I already know that I could save more and have more buying power but that's not what I want to do. Should I purchase a mobile home to rent out? Buy a cheap home in Detroit to fix up and rent out? What other options can you think of? I will be doing most of this remotely so if you have some ideas that are specific to your location I would still like to hear them. My end goal is to generate passive income and reinvest it into another rental. I am eligible for a VA loan and house hacking isn't an option. I appreciate any input.

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