Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

7
Posts
4
Votes
Kyle Knab
4
Votes |
7
Posts

Starting out $50k what should I do?

Kyle Knab
Posted

So I am just starting out in Buffalo NY, I have done all my research but am torn. What should I start with? Flipping houses? BRrr some rentals? I can get pre approved for up to $250,000 conventional financing if needed. 

This will eventually be my main form of income. But for now I need to do whatever method will get me the best returns so i can eventually build up to having a large rental portfolio. 

I am not a realtor, I am somewhat handy but limited to basic rehab work (will probably mainly hire contractors) I have good credit.

Thanks for any advice in advance!

Most Popular Reply

User Stats

324
Posts
781
Votes
Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
781
Votes |
324
Posts
Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
Replied
Buy a turnkey rental in the midwest and collect checks for $300-$500 a month in cashflow. Easy peasy.

Loading replies...