What would you do with 30,000 dollars?

[Joe Mack]

So let's say for instance... you have just received $30,000 in cash to invest in real estate. What could you personally do with $30,000 in real estate? Sure you could get a nice property with a FHA loan and house hack by just putting 3.5% dowm, or would you buy a property worth $150,000 for 20% down? Obviously there are many ways you could invest $30,000, however I want to know what would you personally do with $30,000 dollars to begin your real estate portfolio.

[Jereck Galloway]

Ill tell you what someone told me because I was in the exact same dilemma that you are in, you want to preserve your cash as much as you can so that means you wanna go with the FHA loan, low down payment route and house hack a multi fam or single fam. if you are a first time home buyer you can also utilize your local first time home buyer programs and they will give you a solid amount for help with the down payment. by coming as little out of pocket with a house hack you can rinse and repeat next year because you still have cash in the bank from the low down payment. if you want to see a professional response to this question go look at my forum and the replies I received.