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Updated almost 8 years ago on . Most recent reply

User Stats

4
Posts
0
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DeAnthony Barrett
  • Flipper/Rehabber
  • Kansas City, MO
0
Votes |
4
Posts

if you had 10k how would you invest it?

DeAnthony Barrett
  • Flipper/Rehabber
  • Kansas City, MO
Posted
If you only had 10K ro start with, how would you guys flip your capital ? what steps would you take as a first time Investor.

Most Popular Reply

User Stats

27
Posts
16
Votes
Jackson Barr
  • Roseville, MI
16
Votes |
27
Posts
Jackson Barr
  • Roseville, MI
Replied

@DeAnthony Barrett If this is a question regarding your current position, I'm happy to inform you that I am also working with similar funds which raised the same question for me. Thus far I have established a rough strategy based off things I've learned on BP and numerous other REI resources. My suggestion would first be to EDUCATE!!! you don't have to become a guru but defiantly understand the arena. Second, build a relationship with a trusted REA they will help guide you in your search, direct you towards lenders and help you understand the markets. Contact multiple lending agencies and find out your options once you have that information start crunching the numbers, you can use the BP calculators which are great. I am also a beginner and I find them very simple to use and understand. Once you follow through with those steps, I'm certain you will have a much better idea on how to invest your 10k. Best of luck!

P.S be patient*

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