Use the 20k to help fund your first property!!

I'm saving money. 10% of my checks and additional incomes go to savings and then I throw the rest of what I don't use a week into an index fund.

I even get my clients I fund deals for their callers call me LOL..

@Arn Cenedella The larger syndications that are raising their funds through smaller check writers is a red flag in my opinion. 

The owner of each property (you, LLC, trust, IRA, ect.) would have to execute a management contract with the Master LLC, so the Master LLC could legally act on behalf of the property owner(s). 

You could also potentially pay yourself a salary through the company, which could create retirement plan opportunities, such as contributing to a solo 401(k) or SEP IRA.

I had initially gotten the property with personal funds plus a hard money loan.

Because tenants tend to be really stable, they are easy to manage though so they can still make sense for someone looking to park money into real estate with the least amount of hassle (property funds itself, tenants pay off mortgage over time but little to no cash flow).  

Hi Kyle,This is the most common question I get asked.Don't waste your time because nobody in their right mind is going to fund 100% of your project.In order to get into new deals, build, buy, flip etc. you need to have some skin in the game.A bridge loan to get the cash out of the property on the market is possible, that can then help get you the cash needed and start this new build.

Where I live it used to be 30 days - and I didn't think that was enough time for folks living month to month to pull funds together to save up, look for a place, get a deposit and 1st mo's together etc... so I always gave at least 60.