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Updated 7 months ago, 05/30/2024
Where to Start with 75k Cash & 850 FICO score?
Hi all! New to REI here, so any input or feedback is very appreciated!
I currently have a 3.75% 30 fixed mortgage on my primary home, and looking to dive into my first investment property. I'm looking into multifamily (duplex & self landlording) in my local area to get started, but my tri-state area (CT/NY/NJ) has a high entry price point that I'm concerned with over leveraging myself and losing liquidity on my first deal.
Since my main profession is office management for a residential remodeling company, would flipping to build up more capital be a better place to start? I would love to join in on any BP groups that do OOS deals (I have proven time management, attention to detail and paperwork organization skills in exchange for getting to learn alongside some REI masters).
Thanks for any suggestions!