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My starting point
Hey all,
I'm looking to enter the RE market with a few rental properties, ideally in the Chicago suburbs. I'll have the option to invest anywhere from $50,000 - $100,000 in down payments. I'm targeting rent-ready single family homes and multi-family properties (2-4 units).
What is my real budget here? I'm curious how many properties I could reasonably afford up front. Does it make sense to diversify and make 2+ purchases with this initial seed? My instinct tells me yes if I can find quality properties at my price point, but that there could be some benefit to putting it all on one potentially more reliable/higher quality structure.
I'd love to hear what the rest of you folks might do if you were in my situation. Thanks a ton.