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Updated over 7 years ago on . Most recent reply

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Brad Lowery
  • Real Estate Agent
  • Charlotte, North Craolina
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How would you leverage $10k?

Brad Lowery
  • Real Estate Agent
  • Charlotte, North Craolina
Posted
As an investor, how would you leverage $10k?

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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

I've done:

bought a 54.5K FHA foreclosure with $2.5K down, refi a year later when appraisal came in at 115K

used 10K of my own cash along with borrowed money to buy and rehab a foreclosure for BRRRR, 6 months later refi my own cash out plus an additional 11K

Lots of places to spend 10 grand profitably

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