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Updated almost 5 years ago on . Most recent reply

Timofei Kadkin's profile image
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Timofei Kadkin
  • Member since May 26, 2019
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Timofei Kadkin
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Timofei Kadkin
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Is it possible to start investing in real estate with 10k(newbie)

Timofei Kadkin
Posted

Is it possible to start investing with 10k only?

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Lucas Miles's profile image
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Lucas Miles
  • Rental Property Investor
  • from Fairmont, MN
  • Member since Oct 31, 2019
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Lucas Miles's profile image
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Lucas Miles
  • Rental Property Investor
  • from Fairmont, MN
  • Member since Oct 31, 2019
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Lucas Miles
  • Rental Property Investor
  • Fairmont, MN
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Lucas Miles
  • Rental Property Investor
  • Fairmont, MN
Replied

@Timofei Kadkin another strategy to consider is "house hacking." Purchase a small multifamily, live in one unit and rent out the other units. With this you can get a FHA loan for only 3.5% down. Just make sure you have enough in savings to cover anything that might come up or need replacing.

Depending on your living situation it could be a great way to get into real estate and becoming a landlord.

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