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Updated over 4 years ago on . Most recent reply

Danny Kaminsky's profile image
Danny Kaminsky's profile image
Danny Kaminsky
  • Rental Property Investor
  • from Raleigh, NC
  • Member since Aug 23, 2020
  • Posts 66
  • Votes 89
  • Experience 5 Yrs
  • Investments 1
Connect

User Stats

66
Posts
89
Votes
Danny Kaminsky's profile image
Danny Kaminsky's profile image
Danny Kaminsky
  • Rental Property Investor
  • from Raleigh, NC
  • Member since Aug 23, 2020
  • Posts 66
  • Votes 89
  • Experience 5 Yrs
  • Investments 1
Connect
Danny Kaminsky
  • Rental Property Investor
  • Raleigh, NC
89
Votes |
66
Posts
General Real Estate Investing

Getting started with 30k from NYC

Danny Kaminsky
  • Rental Property Investor
  • Raleigh, NC
Posted

Hey all!

I’m trying to buy my first rental property now, and I would love to house hack, but I have to move to Manhattan for my job, which makes this trickier. I’m from Chapel Hill, NC, so I’ve been thinking I want to buy in that general area, but with only 30k cash it seems unlikely I’ll be able to go in with 20% down and make big improvements so I can get my cash back out. What would you do in my situation?

(For reference I have a reasonably stable, well-paying W2)

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