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Logan L.
  • Rental Property Investor
  • Fayetteville, NC
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28
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Looking for advice: $100k in savings, what is my next step?

Logan L.
  • Rental Property Investor
  • Fayetteville, NC
Posted Jul 30 2021, 01:08

Hey everyone!

I am a fairly new investor located near Fayetteville, NC. My wife and I currently own two properties, one rental and our primary residence. We are going to be going under contract on a new primary residence soon for about $375k. So in the near future we will have our home, two rental properties (both single families), and almost exactly $100k in savings. We are planning to set aside approximately $15k for new furniture, house-related items, etc, and we want to keep at least $30k in reserve. So with a working budget of $55k, should I look for BRRRRs myself, take on a partner, wait until I have more to work with, or (insert your suggestion). Thanks in advance!!

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