All Forum Posts by: Christian Dove

We really don’t know enough about your situation to answer this thoroughly. I find my self asking, “How old are you?” “why no job?”, and “Why school just part time if no job?”; and “Are you having to support yourself?” And “where are you living” and “who is paying for that?” All of these things and more factor into any answer, as well as , “what is your objective for yourself and for the money?”

$20,000 is probably not enough money to buy a typical investment property, but it is probably enough to buy your own home if you got an FHA or other loan only requiring 3.5% down…but to qualify you probably need a job.

You need to get YOU in order before you go out and try to utilize that money for real estate. Finish school, get a job, start saving towards your first real estate purchase if that is where your heart is. The job will qualify you for a loan, and the money you have acquired will go a long ways towards purchasing an investment property or a property for you to live in , or perhaps a duplex for you to live in where you could rent out the other side.

I would say put the money for the short term in a high yield savings account. One could argue to put it in the stock market, but there are a lot of mixed signals coming from the market, the president, and the economy as a whole right now. Just a lot of upheaval given tariffs, and the whiplash going on with the executive branch changing policy on a near daily basis. The market hates uncertainty, and that’s all it’s really being fed right now.

Most financial gurus also suggest establishing an emergency fund in case something in your life goes sideways… car breaks down, or unexpected medical expense, or what-have-you. So by putting that money in savings you effectively create an emergency fund for yourself which is one more step towards putting your personal life in order. Real estate is a long term ‘game’… it will be there ready for you when you are ready to get in. Until then, work on your situation… learn about real estate, attend local real estate meet ups to help determine the best path for you.

Hope some of it helps!

Randy

Hey Randy, much appreciated.

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Let say you have you have no job, go to school part-time and just acquired 20k. How would you capitalize on this opportunity?

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Quote from @Katie Smith:

Hi Mark!

Do you attend any local meetups in your area? They're a great way to connect with seasoned investors who may be open to you shadowing them and learning the ropes. When reaching out, it helps to offer value in return—think about tasks like checking on properties when they can't, delivering materials, finding reliable contractors, or even handling basic project management tasks.

Building genuine relationships and showing you're willing to contribute will go a long way in earning their trust and gaining hands-on experience. Don't hesitate to ask questions and soak up as much knowledge as possible.

Hey this maybe a silly question, but how would I find these local meet ups. I am also just starting my fix and flip venture, I'm out of Redding California.

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Philadelphia, Pennsylvania

Quote from @Jacob Hill:

Hey @Christian Dove Welcome to BP!

Where are you looking to invest?

What types of properties would you be investing in?

I'm willing to set up shop where ever the numbers work really, with a few exceptions. I'm looking for rehab rental properties, duplexes mostly. Are you in real estate? What are you getting into?

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Quote from @Nadeem Alamgir:

Hey Christian since it’s your first deal, start by networking with investor friendly agents, wholesalers, and looking into off market opportunities. Your construction and rehab background gives you a huge advantage, but the key now is finding the right deals and securing financing. Make sure to run the numbers carefully and focus on after repair value, purchase price, and rehab costs to ensure a solid profit margin. With your skills, once you lock in a good deal, execution should be smooth.

Hey thanks Nadeem, I'll keep that in mind. I appreciate the feedback.

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My name is Chris Dove, I've spent most of my life acquiring skills to aid me in fix and flip endeavors(construction and rehab). I have more than enough skills to fix just about any property, im just looking for insight into buying my first property.

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All Forum Posts by: Christian Dove

Christian Dove has started 2 posts and replied 6 times.

Post: What would you do with only 20k? All ideas welcome

Post: What would you do with only 20k? All ideas welcome

Post: Fix and flipping first property

Post: Looking for insight and potential partnerships

Post: Looking for insight and potential partnerships

Post: Looking for insight and potential partnerships