Inheriting a property

[Matt Allen]

Hey all, I had a death in the family and am fixing up by fathers home to rent out. It’s paid off (worth 225k) could rent for 1850.00 I will have an additional 200k cash to invest in property. Should i buy an additional place for 200k and have 2 paid off rentals and leverage the equity for more down the road, or split the 200k over 3-4 other properties and get loans for the difference?  

Thanks, Matt 

[Adam Bartling]

@Matt Allen  Damn, been there it sucks but keep your head up.

 IMO I would keep the house, rent it.  Take the other 200K and look at a 3-5yr purchase with a syndication, I like new construction, with someone who has been in the industry 10+ years.   But a multi family ( already built) 3-5 year investment will yield 8-10% Cash on Cash and 18-25% Appreciation at sale.