$100,000 To Invest in DFW- 1 rental, or grow pile of money with Flips
Hello Everyone,
I am contemplating between 2 strategies right now for $100,000 cash I have to invest. I do not want to leverage any property. I like to sleep easy at night and not rest on a house of cards. The 2 strategies I am contemplating between are:
1) Grow initial pile of money from several flips, allowing me to buy 2 or 3 rental properties free and clear with cash
2) Or take what I have now and Purchase a single rental with cash.
Here in North Texas the bread and butter properties are about $120,000 for rental units. A little more expensive for a retail type flip, but this is all accounting for the 70% minus repairs rule.
I am open to suggestions and comments from the more experienced folks here, thank you