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Updated over 4 years ago,

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Starting out with $20k, what should i do?

Posted

So I have never done a RE deal before. I have dabbled in wholesaling (unsuccessfully) in the past. I have $20k in cash saved up from working my 9-5 and i'm itching to buy a property to possibly flip? Would you say it's too soon to flip a home with only $20k? Should I stick with wholesaling, try to get a few deals to save more cash? I have a buddy who has about the same amount of cash saved up, so we may go in together on the flip. Just not sure if its the right move if I/we don't have enough cash to fund the entire project.

Any response would be appreciated, thanks!