starting Real Estate.

[Luis Bravo]

I'm looking to get into investing, currently i have $4,000. Is $4,000 enough to start Real Estate creatively? Should i start wholesaling? 

[Mindy Jensen]

Hi @Luis Bravo .

Wholesaling is   being promoted as an entry level real estate venture, but it's actually far more advanced. I wouldn't recommend anyone get started in real estate by wholesaling.

$4,000 is not very much money to start out with. An AC unit can cost you $3,000, and I'm not sure if you have to provide a furnace, but that's going to run you $2,000 easily. A water heater will be around $1,200.

These are just some of the things that can break without notice, and require immediate repair.

Closing costs and down payment will be significantly more than $4,000.

Since you're new to real estate investing, take some time to roam the site and learn a little more about it, while you save up or find a partner who can help you with the down payment.

Start with The Ultimate Beginner's Guide to Real Estate Investing .