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Updated over 4 years ago on . Most recent reply

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Ruben Contreras
  • NJ
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Zachary Moon
  • Real Estate Agent
  • Pottstown, PA
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Zachary Moon
  • Real Estate Agent
  • Pottstown, PA
Replied

I feel your best bet at that price point would be either wholesaling and/or creative financing like subject-to and seller financing. Essentially you'll be looking properties that you can negotiate favorable terms/price with the owners. For those you can get with little money or nothing down you could hold on to as rentals. Those properties that are not feasible for you could be wholesaled to other investors as and help put cash in your pocket to continue your efforts find properties and keeping properties you like and can afford.

I would advise caution in keeping properties with no money in reserves to weather obstacles that may occur so you don't lose the property. Wholesaling can also have some legal issues and I don't have the knowledge base to give advise on how to do it correctly. I'd advise finding a successful wholesaler or mentor if you choose to do this to protect yourself.

Hope this helps.


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