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Updated almost 6 years ago on . Most recent reply

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Darryl Reed
  • Specialist
  • San Francisco, CA
5
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10
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50k liquid... How can start real estate investing?

Darryl Reed
  • Specialist
  • San Francisco, CA
Posted

I have 50k liquid here in expensive San Francisco. How can I start real estate investing? Please help!

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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
2,734
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2,253
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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
Replied

@Darryl Reed

I would invest out of state. Maybe pay cash for something and rehab it up. Then do a cash out refi on it 6 months later. I bought a property for 48k cash last September in ft worth. Rehabbed it up, rented it out for $1,400/month and it’s now worth 135k. Will do a cash out refi on it and pull out 75% of the appraised value. Then repeat. If you need a contractor in the DFW area, I can recommend mine.

  • John Morgan
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