Updated almost 12 years ago on . Most recent reply
With $30,000 cash and
just starting out in real estate, what would be the recommended way for someone with $30,000 to Invest, to go about it?
1. Would putting 20% down on an REO, purchasing the property as an Investor and using the remaining money to pay for all the repairs and Rehab , be the best pay to go. To atleast get into the " Flipping " side of real estate?
Other question is, if you purchase a property as an Investor, how soon , can you do a cash-out refi, to use the equity of the property, towards the downpayment/Repairs for your next " Flip " ?
Thanks much, I appreciate everyones insight and input