How can I start BIG with US$50K in the bank?

[Javier Cuello]

Any suggestions on what are the best ways I can use 50 K to start a Real Estate Investment Journey? I have about a year listening and learning about the subject. Multi-Family and Self Storage Units properties sound really interesting to me but I do not really know if I can obtain the capital with a down payment with the funds mentioned to actually invest in them. I have friends that I have talked about the subject and actually asked 2 or 3 to join me to have 200 K to invest but they are not willing to put their money in this industry or at least not for now. I have no hands on experience on Real Estate but I am definitely filled with keen interest to learn about it from close quarters.   The market I would be based in right now is Hialeah, Florida, nevertheless I am open to exploring beyond Florida or even beyond the US. 

[Javier Cuello]

Originally posted by @Corby Goade:

Honestly- this idea of starting big really discourages many new investors. It's really exciting after you've read everything Grant Cardone has ever written, but when the rubber meets the road, you can be in for a rude awakening. 

Why not start small and learn- hands on? Your $50k is more than enough to buy a rental or small multi in lots of markets- probably right in your own back yard. You can learn about financing, leverage, rehab and property management while you are building equity and cash flow, which will give you more money, knowledge and leverage for your next deal, etc, etc. My advice would be to end big, not start big. 

Happy investing!

@Corby Goade Thank you so much for you feedback, it is worth a lot. I have also thought about rehabbing and selling with a small downpayment of those 50K to star and build up equity. I actually got into Bigger Pockets to network and see if I can connect with people that can give me constructive suggestions regarding such, like you!