Want to invest but have little capital... Suggestions?

[Tommy Dahlborg]

Hi All! I am looking to invest in my first investment property but currently don't have a ton of capital. I want to find a way to get started now because as they say on the BP Podcast often, the most difficult, scary purchase is often the first one. I want to get over the hump of the first purchase and continue to build out my portfolio as soon as possible with the goal of one day owning hundreds, heck, thousands of units that provide steady cash flow to work towards building generational wealth. I want this to turn into my full time career!

But again, I've got to start somewhere.

Being transparent, I have about $25-30k to put down on a property. It's not a ton, and so I'm wondering how limited that will make my options? With this money does it make the most sense to make my first investment a flip? A BRRRR? Am I "SOL" in terms of duplexes and multi-families with the kind of down payment I can afford right now?

Appreciate your wisdom!

[Cameron Tope]

Hey Tommy,

If you don't have any high interest debt and have a solid credit score then I would look at house-hacking. It's the cheapest way to get started in real estate and has the added benefit of reducing your housing (most peoples largest expense).