Have money and ready to do a deal.

[Account Closed]

New to delas out an of my state or even city so looking to invest no more than 20K in a potential deal. Ready to reach futher than my area, and expand. What kind of deals are out there now that you are aware of??

[Steven Gesis]

Originally posted by @Account Closed:

New to delas out an of my state or even city so looking to invest no more than 20K in a potential deal. Ready to reach futher than my area, and expand. What kind of deals are out there now that you are aware of??

 Billy, I think its important to define an avenue that would help you grow your wealth, not just throw $20k at something. 

Immediately, my instinct jumps to maximizing this $20k using some means of financing. If you have $20k, you can acquire a $80-$85K asset, without over reaching, you can purchase something that is ready to go Turnkey. The reason, I jumped to financing and did not recommend (2) $50k properties that will produce $1,000-$1,200/mo cash flow. you will encounter a word of hurt and a misery of collections, followed by a systematic short term tenant turn-over. You can take a few steps up to a better single property that offers $1,000-$1,200, with a better tenant, with less turnover, in a better neighborhood, etc. 

Based on my past experiences, I can scientifically say that the value of the asset has a direct correlation with the caliber of tenant you are placing, which is then directly tied to your returns. 

Some may argue this school of thought, but I would be willing to say that the majority of the more experienced investors will grossly agree without any reservation.

Just think about it.... you have the ability to make a decision about your future wealth with this $20,000.00 how much risk do you really want to place with it.