What Would you do if...

[Melissa Gittens]

I recently had a discussion with a few real estate investors in my local area about what the next steps they would take if they recently purchased a home with an FHA loan and are looking to purchase another but only have 20K.

My answer to this scenario was to continue analyzing deals while saving up more money for 25% down and 6 months reserve on another property. I also suggested that if they are following a buy and hold strategy they should consider purchasing 5+ apartment building as opposed to single family homes. I think it all depends on your strategy and if the numbers work on any property.

What are you thoughts and ideas?