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Updated over 5 years ago, 05/23/2019

User Stats

8
Posts
3
Votes
Dan Cox
  • Rental Property Investor
  • Beckley, WV
3
Votes |
8
Posts

Ways to invest with limited capital?

Dan Cox
  • Rental Property Investor
  • Beckley, WV
Posted

Hi all,

I'm looking for advice and strategies on how to start investing with limited capital. Currently I find myself a sole provider for our household working a demanding job (Project Management). I'd like to start making moves in real estate investing but have limited funds. Right now I have about $10k available to utilize. Also, I have about $50k in equity available in our primary residence. I'm looking for strategies or recommendations on how to go about using these funds to start investing/ acquire real estate. My preference would be multi-family residences for greater cash flow opportunities. Is a HELOC a good option to use? Currently my DTI is in the ballpark of 35%. Is it possible to get approved for another mortgage? Any advice, tips, or strategies would be greatly appreciated. Thanks

-Dan

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