What if...you were 30 years old with $75K cash...
What would be your first investment?
Would you buy and hold a solid 1-4 multi unit?
Try a fix and flip?
Or other?
I'm trying to plan for my first investment. My long term goals are monthly income producing properties so obviously buy and hold make sense. My larger concern is one I spend my $75K it could take me years to buy my next one. Currently I could save as much as $20-K a year; If things go well, maybe even $30K from earned income, but even at that rate it could take me years to save that kind of dough again.
Perhaps there is a hybrid strategy of buy + hold plus fix and flip to help generate more to buy more properties for buy and hold.
Thoughts?