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Updated almost 5 years ago on . Most recent reply

Dion McRae's profile image
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Dion McRae
  • from Stroudsburg, PA
  • Member since Jul 31, 2018
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Dion McRae's profile image
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Dion McRae
  • from Stroudsburg, PA
  • Member since Jul 31, 2018
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Dion McRae
  • Stroudsburg, PA
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Starting Out

Is savings worth of 10k enough for start flipping? Brrrr method?

Dion McRae
  • Stroudsburg, PA
Posted

Hello all . I’ve put aside about 10k worth in savings to get started and I’m looking for a way to create some income either by flipping or rental . What are your thoughts on this and what are my potential options with this kind of savings ? Thank you for all suggestions !

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Tanvir Sattar's profile image
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Tanvir Sattar
  • Rental Property Investor
  • from Cincinnati, Ohio
  • Member since Apr 15, 2020
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Tanvir Sattar's profile image
Tanvir Sattar
  • Rental Property Investor
  • from Cincinnati, Ohio
  • Member since Apr 15, 2020
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Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
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Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
Replied

@Dion McRae that really depends on the market you are interested in. I do not think the beds/bath is your main concern. I would look into average rent rates in the market using website like zillow and make your decision accordingly. 

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