I'm a newbie who hopes to be able to eventually create a passive income stream through buying small condos to manage as rental units. I'm also interested in finding out about other ways to invest with less capital (less than $25k). I am a new homeowner, and we just purchased our home in Los Angeles as a cash buyer with no mortgage. I just took out a $100k HELOC to build a pool in our new house, but am considering using part of it to reinvest in real estate. Looking for advice for how to best invest between $25k - $50k. Should I consider out of state properties to buy/rehab/rent? What cities? Thank you!!!
I'd recommend buying some turn key rentals. You can buy 2-4 properties with the amount of cash that you have and it would give you some good cash flow.
@Antoine Martel Can you give a little bit more info on the turn key rental example and how you can buy 2-4 properties. I am in a similar situation. I have $25-$50 K in cash that I want to invest to generate either a good cash flow or grow. I'm in Charlotte, NC.
@Christine Palmer Hey Christine and welcome to Bigger Pockets! You just took a big step towards starting off in real estate investment. Bigger Pockets is a great place for networking and getting deals done. It's one step for real estate investing, the other step for great success! Congratulations and I wish you all the success.
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