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Updated over 7 years ago on . Most recent reply

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William D.
  • Staten Island, NY
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Looking to invest 20k in a multi family, anywhere in US.

William D.
  • Staten Island, NY
Posted
I have 20k to invest into real estate. I was hoping to get my hands on a 2bd per unit, 3 unit, rental property. If I only have 20k to Invest where should I be looking? I looked in Jacksonville ATL Raleigh.

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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

All of those markets are a little more expensive than others, but you aren't really going to find a triplex anywhere that you can use only $20k to buy. If you do find something that cheap, you should be extremely leery because there's a reason it's priced that cheap. 

$20k would just barely get you a decent quality SFR in a lot of markets. Anything cheaper should come with a lot of caution.

Happy to explicate more if you want me to. Not trying to be a buzzkill.

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