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Updated about 5 years ago on . Most recent reply

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Akeem Moreno
  • Real Estate Agent
  • Brooklyn, NY
25
Votes |
100
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100k cash what should I do with it in this market

Akeem Moreno
  • Real Estate Agent
  • Brooklyn, NY
Posted

First time home buyer here and I would like the opinion of the BP community. I have 100k cash what would be the best strategy to build a passive portfolio in 3-5 years and double even triple my initial investment. I know about house hacking, brrrr, buy and hold.

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Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Rental Property Investor
  • Boulder, CO
1,151
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1,546
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Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Rental Property Investor
  • Boulder, CO
Replied

@Akeem Moreno All of them! If I were starting over again, I would eliminate my housing bill through a continued househacks that I continued stacking on each other and holding as rentals.  I would also focus on 2-4 unites to max my conventional spots. I would buy units that needed work, tenant them, refi them, and then hold the househack.  Then after 2 years, I'd move out and do it all over again. I'd save the money that I would have spent on housing to accelerate my nest egg for the next building.

If househacking isn't an option, then I'd do live-in flips to buildup cash and invest that into rentals (BRRR or buy and hold). That way.

Everyone's life situation is different, so you really have to find what works for you and your life. PM me with Q's!  

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