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Updated about 8 years ago on . Most recent reply
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New member from Newberg Oregon
Hello,
I have not done any investing other than what I put into my retirement account. I want to invest in real estate but I don't know how I can start with only a small amount of capital (probably $5000). I could use some help! Any other people live near me?
Chris
Most Popular Reply
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- Lender
- Lake Oswego OR Summerlin, NV
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@Account Closed there is no such thing as a 25k fix and flip in the area of Oregon this person is from.. matter of fact very few spots in the whole state.. maybe out in a few old dead and dying lumber towns.
WEst coast folks pretty much need 50k or better to get started.. other wise its about putting partnerships together to amass needed capital.
I know when I drive around south Chicago and look at those awesome brick two flats that can be bought for 20 to 30k.. its really amazing... it would cost 500k to rebuild one.. !1! you guys are in the cat bird seat when it comes to affordable starter real estate.
- Jay Hinrichs
- Podcast Guest on Show #222
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