What can I do with $5,000 to start investing?

Question

Hello everyone in the BiggerPockets community. I’m new to real estate and I am determined to take action but as of now I only have $5,000 to start. What can I do to embark on this journey?

Henry Clark · Answer

Start with your Loan To Value potential. Sba loan at 10% collateral with $5,000 would be $50,000. Traditional loan with 25% would be $20,000 value.

This would be a straight purchase with no rehab costs.

One option is to buy or rent a trailer or rv eliminate rent and build equity. Do the brrrr method on trailers

Another is to rent a large house or apartment and househack

Another option is to find someone doing a brrr and offer to live their and help rehab in spare time. This gets you free rent and experience

What can I do with $5,000 to start investing?

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