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Updated over 2 years ago, 03/01/2022

User Stats

18
Posts
1
Votes
Mario Gonzalez
  • new jersey
1
Votes |
18
Posts

Best move to make with 180k cash to use all on RE before rates ^

Mario Gonzalez
  • new jersey
Posted

im 29 and be having self doubt for years when buying. Im in NJ where i am looking for a 2 to 3 unit in the hopes to use 15% down and goal to live close to rent free or low cost living.

the rest i want to use on a out of state rental either in NC,FL, TN areas where i aim for 6% cocr after 10% pm, 8% vacancy 10% repairs & capex

800 credit score no debt no bills. what is the best path way for me to get as much real estate as possible with this amount of funds? not into REITS, i wont let fear or self doubt stop me anymore. this is my year no matter what.

any help or advice would be great, what would you do if you were new and in my shoes?

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