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Updated over 4 years ago on . Most recent reply

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Starting in Real Estate with $10,000

Posted

I'm a 23 year old from Columbus, OH. Currently, I work fulltime and I'm a fulltime student. Throughout this year I've saved about $10,000 to put towards starting my investment journey in Real Estate. I know that's not a huge amount, but what's the best move to make? Is that even enough to start investing? I plan on getting my Real Estate License this coming year. Eventually, my goal is to flip homes and/or own multiple homes to rent. I know Columbus is a great market, I just don't know where to begin. Any and all advice is helpful!

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170
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Reece Iovine
  • Realtor
  • Columbus, OH
227
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170
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Reece Iovine
  • Realtor
  • Columbus, OH
Replied

$10,000 is more than enough if you plan on owner occupying a property. I started with a duplex, lived on one side rented out the other. Bought for 170K 5% down 4K back at close. I was out of pocket 7500...great way to get your feet wet :)

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