Strategy for lump sum of money
Good Day BP,
As a newbie just starting out, my first goal I set is get to 2500-3000 a month net income. I have a lump some of money approx 2-300k to work with and want to come up with a solid low risk plan. Below are some of the thoughts i am having, I am just to green to understand the best strategy to reach this goal or if it is possible. Any feed back would be much appreciated.
1. Purchase single family or multi-family.
2. Buy fix sell first or buy and hold.
3. Use the money for down payments and finance as many properties as possible or pay cash for a couple of properties.
4. Down payment on a large apartment complex or cash for a smaller apartment complex
Have a great day...