First time investor. 30k. What to do?

[Michael DeRienzo]

Hello everyone! New to BiggerPockets. New to investing! Live in Massachusetts, 30 minutes south of Boston. Have 30k saved up. What should I do? Single famIly flip? Single family Rent? Multi-family 2-4 owner occupy? Any tips will be greatly appreciated!

[Mason Hickman]

@Michael DeRienzo

Owner occupying a multi-family would be my suggestion. What area are you looking to purchase in? You shouldn't use all $30K for down payment, so you have some reserves. To have $10K left in cash, you're looking at a max purchase price of ~$550k assuming you can get FHA without many repairs needed.