What would you do with $5,000

[Abel Rodriguez]

So I’m getting started on my REI adventure. I’ve created a phone number with google voice, and created a website, I don’t have much cash to work with so I figure wholesaling with a large emphasis on marketing would be the best place to start. What would do differently? What would you do with such a low budget of $5,000?

[Chinmay J.]

Originally posted by @Abel Rodriguez:

So I’m getting started on my REI adventure. I’ve created a phone number with google voice, and created a website, I don’t have much cash to work with so I figure wholesaling with a large emphasis on marketing would be the best place to start.

What would do differently?

What would you do with such a low budget of $5,000?

That's a little steep. See if you could buy something as an owner occupant under $100K by using 3.5% down FHA loan. Perhaps house hack with a roommate It will give you some landlording experience.

Or, just keep saving until you hit at least $15-20K, then buy something with 20% down.