Looking to make first investment but so many strategy

[Akeem Moreno]

Hi guys I need advice for obtaining my first rental here’s what my investment picture looks like:

50k cash liquid

82k available biz credit cards total limit

No debt other than some personal credit cards that do not exceed 5k which I can get rid of at anytime but I’m using a 0 percent balance transfer on one of my cards.

No student debt no kids I have to take care no pun intended just painting a financial picture

What’s the best way to leverage my money and get a solid return on a rental property? I live in NY as you know is pretty expensive to get into I can use a fha and house hack but I’ve been out of work more than a 1 year and a half due to injury at my previous job which I’m still recovering from so NO pay stubs to show the banker at this point I could wait until I get better or just use 20 percent down and get started in Realestate. I’m in a complicated situation with all the hype and low interest rates I’m tempted to dive right in!

[Joseph Firmin]

Make a plan @Akeem Moreno, sit down and start with goals. Then back into your next step. This sounds easy - shoot I just said it in 2 sentences, but in reality - taking time to sit down and think and plan takes discipline. Your education on investment types/assets/vehicles will inform you on which path to take as well. You can go passive and get connected with a syndicator or you can buy a SFH property cash in another market and rent it out... Lots of options, like you said, so start with goals.