All Forum Posts by: Justin Whitfield

Hello everyone,

I'm relatively new to real estate investing and I'm looking for some advice from you experienced investors please. My personal goal is to generate as much cash flow as possible so I can reach FIRE status as soon as possible and then just invest in RE full time. I have $500k in cash to invest as well as a credit score between 750-800. I also currently have 2 rental properties (1/2 of a duplex and 1 SFH) I currently have about $400k in equity in the 2 properties and they generate $2k/mo net income (before repairs)

How would you invest this $500k if you had a similar goal as me to reach FIRE status asap? Would you buy many SFH's or would you by a few 2-4 unit MFH's or would you go for the big one and use all $500k as a down payment towards the biggest MFH you could find that you qualified for? Also, how would you use the $400k in equity that I already have in my other 2 rental properties? Any help is greatly appreciated and thanks in advance!

Justin

@Kevin Collins - Thank you for sharing your experience so far with REI Nation. I'm looking to invest in turnkey properties out of state as well. I was wondering if you could share the average price of the homes that they offer as investment properties? I know I would be paying a little higher price for the convenience and (truly passive) investments.

Valuable input from everyone here. Thank you much.

Big thanks for all of your responses to my post. It looks like there is much work to be done before ever even making an offer on a property. I was thinking of trying to start off here in my back yard. I'm in Las Vegas currently and it's a very active market for SFH and I would assume it's the same for multi-family. Question, do you think it may be a better idea to go the Syndication route at first or do you think it is better to just dive right in and look to purchase my own property? It seems that if you get with the right group the Syndication can really be a passive hands off/no hard work way to get started? Any input is greatly appreciated!

Hello everyone,

I'm looking to invest in my first multi-family property and I am looking for some advice.  I have the resources and my credit is good so I'm ready to go I just don't really know the best way to get started.  What advice would you give a investor looking to make my first multi-family investment?  What are the best listing websites that we have access to as investors?  What are your thoughts on investing in multi-family units out of state?  Any advice is greatly appreciated.  Thanks in advance!