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14
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2
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Daniel Cejas
  • Fort Worth, TX
2
Votes |
14
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How would you start with 60k

Daniel Cejas
  • Fort Worth, TX
Posted Aug 19 2020, 05:32

How would you start your real estate investing with 60k?

I've been wanting to begin my real estate investing journey for about 10 years.. I'm currently in a position to do so and looking for some input/guidance.

My situation,

I have about 60-70k to work with. Im in the fort worth Texas area. I currently have a home with a mortgage that has about 80k in equity. Aside from the 60-70k I'm wanting to work with. My family has grown considerably the past few years so we are in the market for a bigger home.. I'm considering refinancing my current home and using this property as my first rental property.. I then would like to use the 60-70k to invest in additional rental properties.. just wondering what your thoughts would be on what type of properties.. Sfh or multi family? Could 70k bring in more than 1 property? In a perfect world I'd like to use my current home as a rental and invest in 2 or maybe 3 additional properties. Maybe a Sfh and a multi family, just not sure if that possible.. Any insights on this would be great.. Thanks

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