I have 60k to invest in real estate

[Charles Burton]

Hey BP family I'm new to the community and real estate and was wondering how you would invest if you were me.

I'm 25 years old and I already have all emergency expenses accounted for. I have 60k to invest in real estate. I also own all of my vehicles so I have no car payments and low insurance. My rent is only 600 a month with utilities because I have roommates. I have a Roth 401k and pension. I also have 0 debt!

I only gross about 50k a year. My credit score is low about a 600 but I know I will be able to bring that score up now because of this new cash. I basically want the best way to flip this 60k into 100k or more through real estate. I'm willing to be patient so if that means owner occupying through a FHA or FHA 203k then flipping I'm fine with that. I'm not interested in house hacking at this time. I'd prefer to go with a shell and flip, the FHA route or the Brrrr method. Looking forward to what you guys think thanks.

[Alex Deacon]

@Charles Burton thats a great start. being so young and debt free is a great place to be. If I may suggest the easiest and safest approach would be to buy a duplex and live in one half while you are collecting rent on the other. Also during the ownership you can increase the value by improving the property and getting your feet wet.