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Updated about 20 hours ago on . Most recent reply

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I have more money now, what to do?

Gabriel Akinyemi
Posted

To make long story short. I brought my first 3 family in 2023 after taking a course on how to do it. In 2025 in January, my house caught fire and it a total lost. . Insurance paid me out, what path  I should consider to maximize?  I was thinking buying a commercial building with 5 or more units. My other options are buying multiple multifamily family ( residential not commercial). I also want to dig into fix and flip and considering short term rentals or insurance for displace individuals or family. Any ideas will be appreciated.  I am looking to do this in connecticut. 

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Gabriel Akinyemi
Replied

 Just network. Interview and find the right pieces. GC is the biggest piece. I would have a couple in your pocket for projects. Find a solid agent for the flip side who can also get you comps and sell the place once it's done. I would also reach out to some hard money lenders, they can help you scale faster. Be careful though, don't take too much on at a time especially when you are learning the fix & flip game

Thank you i appreciate it 

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