Middle age man Starting Out?

[Austin Charlton]

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?

[Anthony Dooley]

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.