First investment, what would you do?

[Justin Smith]

I currently have my primary residence in California and own zero rental properties. I have been looking at multi family units in Ohio, Michigan, and Wisconsin mostly. I have approximately $50,000 with another $50,000 coming within a few months. Would it be better to buy multiple multifamily units that are $120,000-$150,000 and put as little down as possible to buy as many as possible or would it be better to buy multifamily or single family homes but put 20% down? Or if there is another path you would choose that I should consider then please feel free to share it.

[Nicholas L.]

@Justin Smith

i'm going to be brief and direct here.

unless you already have a strong network in those areas, if you buy a random property you find on Zillow at those price points, you're likely just to lose money and fail.

the market is unforgiving right now.  anyone who tells you to "go for it" in a random market you've never been to is selling something.

i am not.

hope this helps, and if you have any more specific questions i'd be happy to dialogue further.