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Updated over 3 years ago,
Finally Out of Debt Looking to Invest....
I am finally debt free and looking for suggestions from ANYONE on how to break into the Real Estate arena. Below are some thoughts I had about the way to go about it. I currently have a pretty good credit score now but just a small savings of 10K with access to borrow up to another 60K personal.
1. Take a hard money loan and purchase a place to rent
2. Get a personal loan and purchase the property outright, BRRRR it and pay off the loan.
3. Use the BRRRR with the Hardmoney loan (only thing is no purchase track record)
Like I said any thoughts will help and thank you.