All in with only $40k, is it still possible?

[Scott Gaspar]

Hello everyone my name is Scott and I have been interested in real estate investing for probably the last 15 years or so. I live in Southern California and so for the amount I’m looking to invest, I’ll definitely need to do something long distance. I’ve been following a few different markets; Fayetteville, Killeen, Memphis, Cleveland, and Indianapolis to name a few. I know a few years ago I definitely could have got a deal done for $40k all in but not sure that’s entirely possible now.

One of the main reasons for not investing before was not having the funding(bad money decisions) and also my wife was very terrified of it due to what happened to some of he family members in 2008. Fortunately now, I have the funds and my wife is on board, sort of. My wife is up for getting a rental, but with no debt.

So this is why I am trying to find an area where I can get something and be all in at $40k. I’m open to section 8 and actually I’d probably be more comfortable with it because of the guaranteed rent payments. Any help or advice would be great, thank you all.