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Updated about 3 years ago on . Most recent reply
![Austin Charlton's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2323061/1638992859-avatar-austinc295.jpg?twic=v1/output=image/crop=1721x1721@844x540/cover=128x128&v=2)
Middle age man Starting Out?
Any advise for a 40yr old with $100k saved. +800 Credit score. Should i buy cash or mortgage to start my portfolio for first investment property?
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![Anthony Dooley's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/219402/1621434098-avatar-abnrgr99.jpg?twic=v1/output=image/cover=128x128&v=2)
It depends on several things. Your market, risk, cash flow goals, etc. I can probably buy at least two decent rentals in my area with $100K. With no mortgage, they will cash flow very well and produce $1600 gross per month. What is harder to find, but a faster way to build wealth, is to find a portfolio of existing rentals for sale. You will need 25% down, so you would be looking for a $400,000 deal of 6-8 houses in the portfolio. This increases your risk because of the debt, but also increases your holdings very quickly. I've done it both ways and either way works.