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Updated over 4 years ago,
How would you start with 60k
How would you start your real estate investing with 60k?
I've been wanting to begin my real estate investing journey for about 10 years.. I'm currently in a position to do so and looking for some input/guidance.
My situation,
I have about 60-70k to work with. Im in the fort worth Texas area. I currently have a home with a mortgage that has about 80k in equity. Aside from the 60-70k I'm wanting to work with. My family has grown considerably the past few years so we are in the market for a bigger home.. I'm considering refinancing my current home and using this property as my first rental property.. I then would like to use the 60-70k to invest in additional rental properties.. just wondering what your thoughts would be on what type of properties.. Sfh or multi family? Could 70k bring in more than 1 property? In a perfect world I'd like to use my current home as a rental and invest in 2 or maybe 3 additional properties. Maybe a Sfh and a multi family, just not sure if that possible.. Any insights on this would be great.. Thanks