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Updated about 6 years ago on . Most recent reply

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David Prince
  • Metro Detroit
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$100k cash for invest with a day job - hypothetical

David Prince
  • Metro Detroit
Posted

Say you had $100k in cash and you're looking to invest in buy and hold rental properties. Would it make more sense to go straight for MFHs or Apartment Complexes, doors rather than properties, in order to scale faster?

Having a demanding corporate day job can make finding deals, evaluating them, and getting offers in quickly very difficult. Obviously it can be done. But wouldn't it be working smarter (why were all here, right?) to close one bigger deal than the three or four smaller deals needed to get the same cash flow? If the cash is already available, does it not make more sense to jump into bigger properties with greater cash flow?

Maybe this is a stupid question. I'm still super green and trying to formulate my strategy.

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