What you do with $50,000 in your market, right now? Or anywhere?

4 Replies

Curious who’s doing what, and where. How far could a number like $50,000 could go in different parts of the county? I also wonder what different strategies people are using. Thanks!

Using it for a down payment on home to BRRRR in South East DC where a ton of development is expected to continue. I could either choose to refi and rent it out after or sell it outright in the next few years as the area continues to grow.

Originally posted by @Steve Burrell :

Curious who’s doing what, and where. How far could a number like $50,000 could go in different parts of the county? I also wonder what different strategies people are using. Thanks!

Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, "Subject To", apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc. Decide how much money you have access to, & the zip codes, city or state you want to focus on. That will determine the next step. Outline where you want to be in five years. Put it all in writing. Start working your plan. There are plenty of people around to help you each step of the way.

Here is how I deploy that amount: 

Average Cash Flow Per Door In Phoenix Metro Area

https://www.biggerpockets.com/forums/600/topics/584916-average-cash-flow-per-door-in-phoenix-metro-area

I would buy and rehab 3-4 properties and put them on the rental market. 

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