Saved 200k / best advice needed
A business partner and I have saved every dime for 3 years and now have $200k in liquid capital. We wanted to create discipline (saving to a large goal) in order to ensure a great start. We have the capital, we have the business set up, etc....Our goal now is simple - invest in cash flowing property
We are looking for advice around types of property that would be the best fit to get started acquiring property- saved this capital and are ready to deploy onto the market - what would be the best way to do so in order to a) max cash flow b) use the best leverage strategy to ensure the best possible start ? Our debate has been multi-unit apartment building or individual houses at this point property management is a must on our end given current jobs and families. With this amount of capital - what would be the best approach?
#4 All Forums Contributor
- Plymouth, MI
Flip your $200k until it grows to a larger number based on your needs. Continue to flip that LARGER number (you new seed money) but instead of reinvesting it, use the new profits to buy your cash flow properties...keeping in mind to NEVER spend more than the profits from the larger seed money. In other words, never spend your seed money.