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Updated over 15 years ago,

User Stats

456
Posts
123
Votes
Corey Demuth
  • Real Estate Agent
  • Tampa, FL
123
Votes |
456
Posts

Can I control property with this much cash? Or what's my best route?

Corey Demuth
  • Real Estate Agent
  • Tampa, FL
Posted

I have about 35k saved up which was going to be the down payment on a house or condo, but I'm thinking I might hold off on that for a while to get started in RE investing.

I had entertained ideas of wholesaling but... frankly after my experiences pursuing that, I think it's basically a crack dream.

So, I would like to get into rehabbing, but I don't really see how I could acquire a property since even the rough ones go for at least 100k here in NYC.

Is my best option to acquire a property using my cash for the down payment and a loan to cover the rest of the cost? Or what else could I do? Are there some other types of investments I should do for now instead to build up my cash until I have enough to just buy an entire property outright?

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