Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

29
Posts
11
Votes
Matt Hummer
  • Investor
  • Warminster, PA
11
Votes |
29
Posts

What would you do with $25k?

Matt Hummer
  • Investor
  • Warminster, PA
Posted

At present I own one rental property in Florida that cash-flows about $450/month.  I recently flipped a property in North Carolina that netted me about $25k.  I'll be moving to Philadelphia in three months and would like to increase my efforts at building wealth through real estate.  In any case, I intend to complete 100% of required repairs myself minus roofing, carpeting, windows, and siding...I have experience with just about everything else.  I'm comfortable with flipping properties and BRRRing properties, although I've never wholesaled a property.  In the past I financed all repair expenses on zero-interest rate credit cards, it worked well, and I intend to use that technique in the future.  My questions to the group are as follows:

-If you had $25,000 to distribute with the intention of aggressive capital growth, what strategy would you use? Flipping?  Holding?  A combination of both?

-Would you initially focus your efforts on one property or seek out multiples?

-What strategy would you use to best leverage the $25,000 on hand? A single down-payment on the first flip? Multiple down-payments with a HML? Would you seek a HML with the intent to refinance or begin with a conventional loan?

The intended areas are Kensington, Brewerytown, or Port Richmond, although Germantown is on the table as well.  I know there's no right answer but I'm interested in hearing some opinions!

Thanks,

Matt

Loading replies...