100K in cash to start investing
I have 100K in cash saved to start investing in real estate. I currently live in California and that isnt enough funds to start with the BRRRR method by buying property here. What's the best approach that I can take? I've started reading and learning about investing and won't just jump into something but is out of state investing my best option?
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Eddie Shumulinskiy
- Rental Property Investor
- Lehigh Valley (Allentown Bethlehem, Easton...etc.)
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@Max Gradowitz @Moaaz Malik you can invest in a high cost area like CA. The best option in my opinion is HOUSE HACKING! You can put down %3.5 for an FHA loan. If you have $100k you can even buy a 4 unit for $2,000,000 with putting down $70,000 as the minimum of %3.5, the remains $30k you can use for closing costs and some minimal repairs or just as a nice cushion.