Updated about 7 years ago on . Most recent reply
What invest in RE with 20k
Hello everyone,
This is my first post on bigger pockets but have been following for a while.
My question is simple, what do I do with 20k that’s just laying around? Can I even do anything with this kind of money to make it have significant growth or valuable use?
I’ve never invested in real estate, I rent and live in Orange County, CA. Extremely expensive out here right now.
I would love it if someone could mentor me through my question.
Thank you in advance ..!
Most Popular Reply
$20,000 will not get you into a property in Orange County you may consider a house hack if your income is high enough to support it though. Other than that you theoretically could invest out of state but it would be tough to find a property with a low enough price and maintain enough reserve funds. You could also do RE crowdfunding it isn't really the same thing but works better with limited funds, these are similar to REITs so you might want to look into those as well.