Newbie RE Investor.. Looking for advice

[Monique Pett]

Hi guys! 

I'm looking to invest in my first property. I have about $13k liquid to use for this first project. 

Looking to invest in the midwest. 

1. Would you do a flip or a BRRR first? (My long term goal is to own 1,000 units but gotta start somewhere)

2. I have a fairly decent credit score so I'm looking to get funded via PM or hard money, do you have anyone you recommend? 

3. Any other tips or tricks that helped you start out? 

Thanks so much, happy to be here! 

[Erika Butler]

Depending on where you plan on investing, 13k won’t get you very far as far as holding a flip. But again, that depends on the price point of the homes you’re buying. I’m in Dallas, and there’s no way I could hold a flip for just 13k. I would suggest for you to use that money and focus on ramping up your marketing and wholesale a few until you build up a little more capital.