What Type of investment can be made with $20,000

Question

Im new to real estate investment and have saved over $20,000.

What type of investment can be made with $20,000 in the DC, Maryland area.

Any infomation would be very helpful.

Daniel Z Fang · Answer

Homes in the 50-70k range usually in B-\C neighborhoods with enough left over for closing and reserves. Crowdsource deals (eg crowdstreet, equitymultiple) or loans (eg patch of land) or Reits. General personal finance wisdom would also suggest having an emergency fund first and making sure high interest debt is taken care of.

Lien Vuong · Answer

You can be passive investor in projects and get % on your money. Learn about the projects and allows your money to grow.

Account Closed · Answer

Down payment on an 80k property in the midwest buy a house in cleveland maybe

Account Closed · Answer

@Byron Brock there has been a lot of advice provided here and you should def start with asking yourself what you want back from your investment. If you want ownership for ownership's sake then maybe making a downpayment on a home is preferable. However, if you want to generate income from your investment, looking into options such as rental properties, family homes, etc can be another option worth exploring.

I wish you the best of luck, if you'd like to talk about it more feel free to reach out.

Vladimir Nemchinov · Answer

You definitely can put that down on a house (multifamily) of Cleveland suburbs. That's what I would do.

Richard Davis III · Answer

@Byron Brock I think what @Russell Brazil was referring to was buy a SF home on an owner occupied loan then rent out rooms for income, which many first time investors do. (But he would have to clarify exactly what me meant)

Joe Norman · Answer

With $20k to invest you'll almost certainly need financial leverage (i.e. a mortgage or Hard Money Loan). My suggestion would be to use that as a down payment on an owner occupied house hack, then refinance, rent, and repeat. Good luck!

Byron Brock · Answer

@Russell Brazil

As I understand it, owner occupide residence does'nt really accumulate income. Im very new to this so mayby im not understanding you correctly.

@Lien Vuong

Thanks for the infomation, I will definitely look into it.

Russell Brazil · Answer

@Byron Brock

Single family owner occupied home in Silver Spring, Rockville, College Park,

What Type of investment can be made with $20,000

What Type of investment can be made with $20,000

Most Popular Reply

9 Replies