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Updated over 5 years ago on . Most recent reply

Account Closed
  • Investor
  • United States
356
Votes |
565
Posts

"what would you do if you only had $20K to start investing?"

Account Closed
  • Investor
  • United States
Posted

I was asked what I would do if I only had $20K to start investing in real estate. 

Well I know what I'd do... I'd invest it into 4-5 airbnb properties using the Airbnb Arbitrage model with other people's properties and then scale from the cashflow going forward. 

But that's me...

What would you guys do in this scenario? 

Most Popular Reply

User Stats

44
Posts
49
Votes
Michael Simolke
  • Rental Property Investor
  • Asheville, NC
49
Votes |
44
Posts
Michael Simolke
  • Rental Property Investor
  • Asheville, NC
Replied

@Jason Allen air bnb is risky. 4-5 properties with 20k sounds like a guru got ahold of you. Buy a single family and take things 1 step at a time. You can rush it and get rich for sure... but your likelihood or going broke is just as high.. there is a proven way to get rich in real estate. You can guarantee yourself wealth by building knowledge, cash, equity, relationships, and confidence. But you cannot do all of these things simultaneously in a rapid manner. Crawl... walk.... run.

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