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Updated about 3 years ago on . Most recent reply

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Martin Martinez
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What is your opinion?

Martin Martinez
Posted

Hello BP!! Ok I have been self educating for about 1yr now and really want to get into Real estate and start my journey. I have $6,250 in savings and still adding. I currently rent for $400 a month. Which direction should I go? Should I use my money to rent a place for Airbnb? Should I use my money to get an fha ? Ana save longer and wait till I can rent it out and get more properties that way? Should I invest in a platform to get me leads to try and do subject-to deals for Airbnb? Let me know what you got. Thanks again

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Zane Kampfer
  • Lender
  • Austin, TX
12
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Zane Kampfer
  • Lender
  • Austin, TX
Replied

Personally, I don't think 6K is enough to do much. I would continue saving and dive into Airbnb investments when you have enough capital. 

Maybe you can think about house hacking. Buy a duplex and rent out one side of it to tennants so it pays for your mortgage. So, basically you live for free! 

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