This past week, the basement became partially flooded, damaging family stuff I had stored down there and building products we had left over.

I'm working as an Insights Strategist during the day, putting in a few hours of marketing consulting work on the side during the week, and studying up on real estate investing on the weekends (and whatever time I have left over during the week).Having worked in the finance industry for the last couple years, I became increasingly aware of different types of investing vehicles, but never really considered real estate investing until I moved to Miami this last July.

I am looking to buy my first property and thought this would be the best way to catapult me into real estate investing.Home is worth 780K and I would 380K.The thought was to get liquid and leverage the money to purchase a duplex/triplex and have some leftover for maintenance and unknowns.I was told selling my home to my corporation might be the best way to get all my monies in my home for that first step in real estate investing.Looking for comments and suggestions or anyone else in the same situation and how you moved forward. 

I am looking to put down as little as possible to increase cash on cash return and have money left over for reno.

In your opinion, if you do what’s necessary to have great rentable units how much cash is left over in hand?

The bank said we could do 80% LTV, I would then use the funds to pay off some personal debt (credit card/ car note) which is around $400 in payments a month and then have 25-30k left over to put as down payment on another SF rental.

So do your homework and make sure the proposed investment will pay for itself with money left over to cover your risks.

I’m all in with 20k so if I purchase Home for 12-15k I would have the left over.

I would take pictures to show that they aren't living there and then you need to store the left over belongings for 30 days.

I have also seen contractors take your leftover materials to another job site or switch the high quality materials you wanted used on your property for leftover inferior stuff they already had.