Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

14
Posts
2
Votes
Daniel Cejas
  • Fort Worth, TX
2
Votes |
14
Posts

How would you start with 60k

Daniel Cejas
  • Fort Worth, TX
Posted

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

Loading replies...