The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.

Interest is 18%.for a total of 30.5k in debt.current financial status:1k emergency fund.1k in reserves outside of that.6 month plan:I'm going to japan in march with my sister so i'm currently reserving my money to do cool things in japan as it was my personal incentive to get my *** into gear and get my life together.after that trip i'm planning to tackle my debt in order of highest interest rate to lowest interest rate.I believe i can comfortable put 2500 a month into my finances. so i expect to be able to be debt free roughly a year from march.After that: im planning on parking my money into the smp 500 to help it grow until i have enough money for a downpayment on a duplex to a quadplex and doing the houshacking strategy yall talk about.

Hello , am willing to start wholesaling virtually and i have some questions hope i can find answers here , First am already working in getting off market deals for many clients and am aware of how i can do the process of getting them but not that aware of how they close on it or how they reassign the contract and now i figured out why not to start wholesaling myself, the question is what market can i start working on as a beginner and what do i need to start beside finding those off market properties , thank youu in advance 

Many investors are attracted to lower price points but end up losing money because cheaper properties are higher risk (not good locations, rough tenants, lower quality construction, etc.). 

I am looking to connect with more experienced realtors to figure out what I should expect and what specialties there are within the Realtor/Broker career path.  

Hey Chris, If your agent is only using RCM, they might not be familiar with platforms like Costar or LoopNet (which honestly should not be the case), or they simply may not have the budget to cover the upfront listing fees, which can get pricey.I’d circle back with them, address the plausible elephant in the room, and try to figure out a game plan to get your property on these other platforms.

At his age, it’s not like he can start investing or manage a property, so I’m trying to figure out how to nurture this interest without overwhelming him. 

After that, figure out the next step to take toward your goals.

So here I am, just got my Real Estate License and want to start investing next year in both rental properties and flippers so I am here to get advice, network and try to figure how all this works.

I’m still working on figuring out the best strategies and practices, and I’d love to hear from others who have been through similar experiences or have advice to share.Looking forward to connecting!