How would you invest 5k in real estate?

Question

I have a budget of 5k... I would like to hear from others on ways to increase my income. I thought about mobile investing, as well as  spending it on marketing since I am a licensed  agent.

Any suggestions for most ROi?

Adam A. · Answer

It'll be tough. Check out crowdfunding platforms, Groundfloor would be a good option 5-12% return.  Use it to start a wholesaling operation and use the 5K for earnest money and hustle to unload the property to an investor.

I think you'd find that you need more drive and determination than the need for money. Energy and persistence conquers all things. Set goals, dream big, pray for guidance, surround yourself with successful people that aren't trying to take advantage of you by charging you 10K to take their guru class.

Sarita Scherpereel · Answer

@Antwan Davis

I would say as an agent it’s probably a good idea to keep growing your business. Growing your business will help you continue to save to buy an investment property. I agree with what’s being said on the thread so far. $5000 is about what I recommend for buyers to have as reserves emergency funds. Keep hustling. You’ll get there. Until then save your money for when the opportunity ￼comes.

Eric James · Answer

$5000 isn't even a rainy day fund for emergencies. Keep it I. The bank until you have 20, or better still 30+.

Jon Reed · Answer

$5K isn't really enough to dive into your first property. That is a good start on a cash reserve to have for when you do start investing in real estate.

If you are not looking to save it and build up reserve for when you do buy a property... then I would talk to agents in your area and see what marketing work's best for your area. Hopefully that will grow your income as an agent which will then get you closure to investing in real estate.

Justin Lee Taylor · Answer

@Antwan Davis look into direct mail. You can niche out some target audience and maybe wholesale a deal to make a quick 15,000! I do it all the time. You can reach out if you have any questions

Jon McCarron · Answer

@Antwan Davis I would spend it on marketing my real estate agent business, unless you need to pad your emergency fund. The more business in your pipeline as an agent, the more commission checks. Once you have a good flow going, then buy a house hack, or a buy and hold.

Do you have real estate clients , or anybody you could partner with on a deal? That could get you in the door.

JT Rose · Answer

@Antwan Davis I would say if you are looking to spend it increasing your deal flow is a good place to start to obtain the capital you will need as you start to make bigger investments. There are some good places to start investing marketing dollars on a consistent basis. Small budgets of a few hundred dollars a month pushed towards Facebook or Google can help increase your brand awareness, start building audiences you can follow up with overtime and increase your lead count which will all increase your deal flow.

How would you invest 5k in real estate?

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