Strategy Advice for Building out an MBT

[Evan Rager]

I would like to set up a sort of MBT for my family to build a portfolio of properties and set up a pay structure amongst three households to get equal dividends from the NOI. To start up, the plan is to fund the trust with $500,000 to get going. My question is, what is the best strategy so that I can use and recycle through the same $500,000 Investment (assuming no investment tanks right away)? With BRRR, I worry that the margins are just too thin know with values way up and rates at 6-7%. Initially I thought to start with a 2-4 unit buy cash get the flow going and then pull a HELOC for a down payment on a property 10-20 units. But then I get stuck.. unless refi's go very, very well, I'm not sure I can regain that 500k fund back. I'm hopeful to find a strategy where I don't have to keep going to the beneficiaries / trustees for another lump sum after each investment or it will take far too long for returns to matter. I'm open to all suggestions including those of how to structure the trust I am hoping to build. I have 8 years experience as a Realtor but very little investing on my own. I know my market well and know the different advantages I can take via rate buydowns and value adds, but want to ensure I have an appropriate strategy going in. Cheers