General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 15 years ago,
Can I control property with this much cash? Or what's my best route?
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?