New investor with liquid cash.

[Austin Smucker]

Hi All! 

I've been in the bigger pockets community for a while now but havent been very active. I have a full time job but my wife and I are looking to get into the lucrative business of real estate to hopefully leave our jobs in the future! 

I'm now looking to connect with many others on this site as well as grab as much as advice from you all as possible! 

Basically, I have about $450,000 liquid cash to start my investment journey. We're looking to get into multifamily rentals anywhere from 2-5 units and above. Starting smaller would probably be a better goal to get to know the process a little easier and "safer". 

I'm looking for advice as to how I should go about starting my journey with this amount of cash. I'm also looking to connect with people in my area / near my area. I'm located in Lancaster, Pennsylvania and only 1.5 hr from Philly, Baltimore, etc. 

Looking forward to hearing from you all! 

[Tyler Lynn]

Austin, 

You are in a great place! When I got started in RE, I had 0$ to spend. So I partnered my way into deals with sweat equity and acquiring/managing the deals. What I would recommend is connect with someone that is currently doing multifamily deals in your market. Partner with them for your first deal; I'm sure you can work something out where you bring most the capital, they find the deal and work with you through the entire process. Investors are always looking for other investors with cash. I'm sure they would be more than willing to partner and then you will learn it first hand from someone already doing it successfully. This will put you in an amazing position to start doing it on your own after just one deal and take a lot of the risk and fear out of it.