If you had $500,000 cash to invest in RE what would you do? Considering you are new to RE. Would you buy multiple properties or would you go for a large apartment or commercial building? Would you want to pay out of pocket and use all of your $ and grow from there without getting into debt or would you try and get financing and go bigger? What else would you do? Thank you!
Buy a few smaller properties to have free and clear and then use the rest to do private money lending.
Totally depends on your goal. Some people want to scale and build a huge business. Others just want to make enough to quit their jobs, or to build a nice retirement income. For me, I own almost all of my properties free and clear, and have very little overhead, so I am totally happy taking on limited debt at better rates and earning a great residual cashflow and just reinvesting excess profits. This allowed me to get to multiple of my freedom number and semi-retire faster with a lot less properties. To each their own!!