Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Multi-Family and Apartment Investing
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 6 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
David Gonzalez
  • Specialist
  • Ocala, FL
1
Votes |
5
Posts

Is there a way to buy a 4+ doer investment with 20,00?

David Gonzalez
  • Specialist
  • Ocala, FL
Posted
I don’t want to start with a single family home, if I need to then I will, but I wood like to Shoot higher or the highest place I can start shooting from

Most Popular Reply

User Stats

1,078
Posts
726
Votes
Jeff Kehl
  • Rental Property Investor
  • Charlottesville, VA
726
Votes |
1,078
Posts
Jeff Kehl
  • Rental Property Investor
  • Charlottesville, VA
Replied

@David Gonzalez possibly but the timing is not great and it would likely be in a bad neighborhood. In 2013 I bought a 4-plex for about $60k in a rural area that (I was told) had been raided by the swat team because of a drug dealer operating out of it. We spent a lot of time and money fixing it up and it has become an excellent rental property. 

But that was a different time. These days it will likely be much harder to find that. Maybe in a rougher area in your town that is improving. Another, safer way to do it would be to find a 4-plex in a decent area, with a lot of deferred maintenance and an older and/or out-of-state owner. You can find places like that by paying for lists from a place like listsource and doing direct mail or by driving around and knocking on doors.

Even if they want higher than you can afford with your $20k you might be able to get into it with owner financing.

In any case, just start doing these things. You will begin to learn the neighborhoods and owners and eventually we will have another down-turn or you'll find a good situation to jump into.

Loading replies...