What should i do with 15k

I was thinking about using the money to fund a house flip to hopefully bring in a large enough profit to pay back what I borrowed and have enough to fund my next deal. I could buy and hold a property, only draw back is it will take a little longer to pay back the funds. I may need to look into some creative alternative options.

Curious to see what you would do. Your only real option would be to house hack a multi unit assuming 15K is sufficient for the required DP. Your biggest issue will be having a reserve fund sufficient enough to get you through unexpected expenses during the first year.

Best advice would be for you to not invest until you have saved up more money. You will know how much you need once you begin researching investing in your chosen area and getting pre financing approval. Is this 15k a loan or a gift?

I bought my first rental turnkey for about 20k all in, and my second non turnkey for about 12k all in. You mention you have to pay it back, which makes me think it's a loan. If that's the case that will make it much harder to do FHA or turnkey. No not a gift, guess I should have clarified that a little better.

To rephrase what I said earlier, he is more like a partner. He is puts up the funds and I come up with the best deal, where we both can make a profit Jensen why I'm leaning towards house flipping.

Although he has the funds in cash, I believe he will be pulling out a loan. Thanks, solid advice. Once I get with my agent and break down properties in my area I'll get a better feel.

Just curious to what route other people would do. Dennis L Lewis Jr. Build long-term wealth and still be able to pay your partner back. House hack. Buy a place that is livable but could use a little bit of work, live in it while you fix it up. Rent it out, repeat. I've told several people they should do this while they can, and then they have blown it on trying to become a wholesaler or flipper and are done in 1 year with nothing to show for it.

Hi Dennis L Lewis Jr. Mark Gallagher. Honestly he hasn't specified how of a return he is looking to get back. I have heard many people gain success through this. Sam Shueh. When you say go in with a like investor. How would you go about doing so? Right now where I live i don't have any close friends that are into real estate like myself.

Steven Loveless. Camilo Rey. Whats your experience and success with hard money lenders? I need to shape up my knowledge on that. I contemplated it years ago, but couldn't get over the analysis paralysis and just take action. Instead we bought an emotional personal residence with the capital we had and went about our lives. Now that I am in a different place in my career with young kids, I think I'd be divorced if I tried to do it right now.

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