Updated over 6 years ago on . Most recent reply
What to do with $300,000
Hey guys! I currently have a single family home I rent as well as a duplex. I’m looking to get involved heavy with multi family and was recently approached by my uncle who offered me a $300,000 loan to invest with. How would you guys approach investing in real estate with this kind of money? Buy, fix up, rent, refinance and do it again with several properties or just use that money for 25% down payments on several rentals and use the income to fund other multifamily purchases?
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- Cost Segregation Expert and Investor
- Lakewood, NJ
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@Larry L. The best thing you can do with the money is to partner with an experienced multifamily operator. Breaking into multifamily is not easy, but you can cut the learning curve significantly by spending time alongside someone who has successfully purchased and operated MF properties.
Spend time networking with brokers so you can get their list, and actually find deals.
And if you're serious I highly recommend @Joe Fairless' book The Best Ever Apartment Syndication Book.