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HomeForumsStarting Outhave enough money saved to start something...need help...
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Starting Out

have enough money saved to start something...need help...

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Posted Aug 3 2008, 10:54

i have a lot of money saved...i am very new to this real estate investing stuff...but would like to get into it for the future...

my current thing is....i own 20,000 sq ft land with 2 retail stores (convenience store which i own and operate & a small lawn mower shop)...

the thing is....would it be BETTER to build another retail strip mall here (from starting from scratch) OR

buy a 4-unit multifamily place to rent out (to start getting CASHFLOW) in order to build a retail mall?

i think it would make more sense to purchase an ALREADY CASH-FLOW making 4-unit place to have enough money to be able to pay off the money to BUILD a retail store from scratch....

any advice?

BJ

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