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Mason B.
  • Chicago
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Best way to maximize my privileged situation... overwhelmed

Mason B.
  • Chicago
Posted Oct 24 2020, 13:45

Long story short, will have about 100k. I have ZERO experience but want to get started ASAP. I have a burning desire to own multi-family properties but don't know where to start. I've listened to a lot of podcasts, i understand most the concepts, i look around the MLS and loop net for fun... and i have a lot of free time, so i dont need to hire property managers at first. I would do this full time if i knew how.

Not sure if i should learn how to flip... is that too risky for a noob? should i simply put 20%-50% down on a Multi fam building... FHA with 10% down on a mil building... ? is that possible to be cash flow positive on? Should i do a light rehab... should i BRRRR? should i house hack and try to live for free... Very overwhelmed and in such a privileged situation and really don't want to blow it. I want to make this a REAL life changing situation...

What would you do if you were me... (28, male, self-employed, introvert) 

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