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Updated over 3 years ago on . Most recent reply

Juan David Maldonado's profile image
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Juan David Maldonado
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Juan David Maldonado's profile image
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Juan David Maldonado
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Juan David Maldonado
46
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170
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Buying & Selling Real Estate

How would you invest $10k in real estate?

Juan David Maldonado
Posted

So I'm close to finally saving up $10k to be used on a real estate investment. It would be my first investment property so I'm interested in the buy and hold properties direction. Not house flipping. What would you do if you were me? 

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Ben Scott's profile image
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Ben Scott
  • Property Manager
  • from Oklahoma City, OK
  • Member since Sep 25, 2019
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Ben Scott's profile image
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Ben Scott
  • Property Manager
  • from Oklahoma City, OK
  • Member since Sep 25, 2019
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Ben Scott
  • Property Manager
  • Oklahoma City, OK
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515
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Ben Scott
  • Property Manager
  • Oklahoma City, OK
Replied

I understand FHA is not doing multi-family loans anymore. I could be wrong but that was my experience representing a seller of MFH this summer. But I'd look at doing a house hack with a FHA or conventional loan with your $10k downpayment.

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