New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply

What's the best place to start
I'm an eager new RE investor with limited $. I have about $40k which I'm willing to use to start my investment career. I live in NYC but I'm willing to invest anywhere in the country. Which part of the country has the best opportunities for a small guy like me to start with 1 or 2 small multi family deal to buy and hold or to flip.
Thanks
Most Popular Reply

@Pascal Arthis one of the best ways you can start is to find a multifamily for you to owner occupy. Provided you have the income you can use an FHA loan to only put down 3.5% on a multi. Your $40K can go a long way in making that happen even in the NYC area.