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Updated about 6 years ago on . Most recent reply
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How to get started with your own money to invest.
Hello community, I am looking to invest in real estate. I am from Georgia and am a contractor working overseas. I have 50,000 of my own money I am willing to invest so I really don't need a lender. I am wondering is it possible to secure at least 2 homes with this money and if so do I need to start an LLC first to put them under so it wont effect my credit score even though it is a 750 and also to keep it from coming back to haunt me in the future when do try to buy my own first house to live in. I am open to suggestions this will be my first time investing. Thanks.
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At this point in the market I have found $50k is about the minimum you will find a single family that needs about $30k worth of work and even these are not common. Right now I feel prices are all inflated because of all the investors with tons of money "fighting" over sub par deals. I think as time goes by the economy will settle the housing market back down. It is in that time when nobody is buying that you should make your move. I'm not a financial analyst by far or claim to be an economist but around August 2019 you should see better deals. Just don't make the mistake of jumping on anything because you feel you have the funds and need to move. Thoroughly vet your deals and if the numbers are right then make a move.