Starting out with 50k

[Gerardine Tshouongang]

Hi BP,

I am a newbie from Dallas TX and have yet to acquire my first property. I have 50K in my possession, what will you recommend I do?

Any advice will be greatly appreciated.

[Polo Vazquez]

buy a primary residence with 3.5% down. If you can house hack even better! If you can't do that then buy an outdated/ugly property in a decent neighborhood and fix it up as you live there. In a couple of years, move out an rent it.

If you do 3.5% you should still have money left over to buy another property. Do it