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Updated about 18 hours ago on . Most recent reply

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Evan Rager
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Would Love Some Suggestions

Evan Rager
Posted

Hello, new to investing myself, been in the industry selling for about 8 years and have worked with investors in the past and still currently. Most are Buy & Hold or do Flips, almost all SFH. What I personally would like to do is set up a type of Trust for my family (3 households) that will buy and hold property to create supplemental income amongst the three households (families) and ultimately form a type of generational wealth long term for our children. Starting fund is $500,000. Any suggestions where to start, what type of property to go for from the jump, how to set up the trust, how we can rutinely use the initial 500k in a sort of BRRR strategy that works in the current market. I'm not shying away from paying other for Prop Mgmt so I assume the first couple properties won't be cash flow super stars but obviously the more the merrier. Thanks to all and happy Memorial Day

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Kerlous Tadres
#3 Starting Out Contributor
  • Realtor
  • Columbus, OH
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570
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Kerlous Tadres
#3 Starting Out Contributor
  • Realtor
  • Columbus, OH
Replied

Happy Memorial Day, Evan! With $500K and a goal to build generational wealth via a family trust, start by setting up a proper trust or LLC with an estate attorney to keep things organized and protected. Focus on affordable, cash-flow-positive markets outside your median price area, like parts of the Midwest or Southeast, where BRRR strategies still work well. Buy 1–2 small multifamily or single-family homes below $200K each, renovate for forced appreciation, refinance, and repeat. Outsourcing property management is smart to keep it passive and scalable. This approach balances steady income now with growth over time, even if the initial cash flow isn't huge.

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Kerlous Tadres | Reafco Real Estate
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