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Updated over 5 years ago on . Most recent reply

User Stats

40
Posts
7
Votes
Phillippa Gilkes
  • Flipper/Rehabber
  • Atlanta, GA
7
Votes |
40
Posts

10K Investment. Looking for options

Phillippa Gilkes
  • Flipper/Rehabber
  • Atlanta, GA
Posted

So I’m about to close on another wholesaling deal that I will make a 10k profit from. I really want to get into rental properties. Is 10k enough to go that route or should I keep wholesaling and build more capital ?

I want to take this 10k and put it right back out there, just not sure where.

Most Popular Reply

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4,756
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4,399
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
4,399
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4,756
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied

If you are having success with wholesaling focus on that and scale it.  Single family rentals have little cashflow and take up a lot of time to scale. You are way better building cash to invest in larger commercial and multifamily properties down the road.

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