Any advice would be greatly appreciated.

[David Cervantes]

Hello my name is David, I’m from Dallas, tx. I’m new to the bigger pockets forums. I would greatly appreciate help with advice on what to do with my current profit of my house and how to get started. My current project profit it’s 83k. Any advice in what to spend on or how to begin on this would be helpful.

[Jerry Padilla]

@David Cervantes

Welcome to the site! I would figure out what route of investing you would like to go. But and Hold, BRRR Strategy, Renovation Loans, Fix and Flip. There are benefits and drawbacks to all financing and investing methods. A big strategy that many investors choose to go is to purchase a property that needs some work to create equity in the property. You can Buy, Rehab, Refinance - to get your cash out and then Repeat. To go the Renovation route, you would purchase with the required down payment and then renovate with the financing. This method requires less out of pocket and allows you to get into properties that do not qualify for financing. Let me know if you have questions on these financing methods.