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Updated almost 8 years ago on . Most recent reply
![Patrick Flanagan's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/665940/1657245578-avatar-patrickf43.jpg?twic=v1/output=image/crop=534x534@0x194/cover=128x128&v=2)
I have 10k and I need help on where to invest it.
Hey bigger pockets members,
I have a little over 10k saved up and I'm looking To make a down payment on my first rental.
I'm looking in out of state areas such as Texas, Kansas City, Alabama and so on.
Where the cost of housing is a lot cheaper then Oregon.
I need some advice on where you guys think some good markets might be to invest in.
Thank you!
Most Popular Reply
![Larry Fried's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/241877/1621435632-avatar-dogoodinvesting.jpg?twic=v1/output=image/crop=2115x2115@304x0/cover=128x128&v=2)
@Patrick Flanagan I am just a little south of you in Eugene, and have been investing in rental homes and other passive RE vehicles out of state since 2012. I agree with other comments above that $10k is not enough to invest in a buy and hold property yet, but you might want to take a look at an article I wrote about an alternative where I invest in portfolios of 10 SFR at a time, that are co-owned by the managers who are local to the properties in the midwest. The minimum investment is $10k :
It might be a way for you to get in the game with just the little amount of capital you have.