Single Mom Wants To Buy First Investment Property

[Daniah Koujak]

Hi! I’m a 36 year old single mom and I’m a real estate broker. I know how to buy an investment property but I’m having trouble figuring out how do that with my financial situation. I would really love if you guys could help me figure out where I should pull money from or if I should just continue to save and not take out equity. I own a home and owe about $300,000 and it’s worth around $425,000. I have a small amount of money saved as well. What would you do in my situation to make the money work for you?  

[Daniah Koujak]

@Joehn B.I would be interested in flips but i'm so intimidated by them. I know tons of contractors but they are all booked out (the quality ones). I think part of my issue with jumping in is the unknown of a flip and the amount of capital I would need as opposed to buying a (almost) move in ready home to rent out long term.