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Updated over 6 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Porter Ranch, CA.
3
Votes |
48
Posts

Starting out w/$250K...WHAT WOULD YOU DO?

Account Closed
  • Rental Property Investor
  • Porter Ranch, CA.
Posted

If you could begin your RE journey all over again knowing what you know now, how would you invest $250,000.00...??!!!

I'm a recent US Navy Veteran currently residing in California; and over the past 6 mths I've found myself 24/7 compiling all the statistical data I can utilize to dial in to which market I'll be breaking into the multifamily rental property game. I've decided on my coordinates...the San Antonio - Dallas - Houston triangle; now the decision how to use that $250K in the most logical manner possible.

My goal: to attain 1,000 unit's in less than 20 year's using the @BrandonTurner and @GrantCardone methodology.

So; respectfully I ask...if you were me and had $250K in capital to begin this journey to achieve a goal of 1,000 unit's in 20 year's knowing everything you know now...what would you do?

Most Popular Reply

User Stats

471
Posts
267
Votes
Kevin Wood
  • Investor
  • Houston, TX
267
Votes |
471
Posts
Kevin Wood
  • Investor
  • Houston, TX
Replied

@Account Closed I've gone from 0-78 units in 3 years. Have another 52 under contract as of last week. There is no secret to it other than grinding out searching for deals. The first thing you need to do is buy your first house. Regardless of what you do buying your first house should be the first step for most people. To learn your submarkets read the business journals of cities you are interested in and focus on all the real estate/development news. My business partner was in the Navy as well best of luck.

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