Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

118
Posts
56
Votes
Hunter Reed
  • New to Real Estate
  • Texas Christian University
56
Votes |
118
Posts

Financing options for the 1st investment

Hunter Reed
  • New to Real Estate
  • Texas Christian University
Posted

Hello BP,

The time is coming near for me to seal the deal on my first investment property. I have been due diligently studying markets, books, education, podcasts, and mentors for almost 3 years now. I have come across many different theories into investing in the beginning. The market as of now are very unpredictable although I have a feeling that prices will begin to fall in the begging of 2024 through the spring and in the summer months. In the next 8-10 months is when I will be pulling the trigger. Based on the assumption that prices will fall which strategy should I invest in.

Working capital: $22,500.00

Private money lenders: 3 individuals

Strategy options: House Hack (FHA), Fix and Flip, Hard Money Lender?

Based on the information I provided above how would you attack your first investment? I have experience flipping and keen knowledge under writing deals. I will be investing in Fort Worth, TX while I attend Ranch Management at TCU for one year. 

Most Popular Reply

User Stats

6,221
Posts
5,566
Votes
Nicholas L.
#2 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
5,566
Votes |
6,221
Posts
Nicholas L.
#2 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

-house hack

-don't start with private or hard money

Loading replies...