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

[Mario Gonzalez]

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?

[Will Kenner]

@Mario Gonzalez Sounds like you are planning on living in one of the units of the multi-family property you hope to acquire? If so, you can maximize your investment dollars by going the FHA route and putting less money down and freeing up more money to invest elsewhere. Perhaps start with the multi-family and get experience owning and operating that before also jumping into an OOS investment? You may not want to spread yourself too thin as you are "learning the ropes". Time in the market is definitely the biggest ingredient to success in real estate, but also having cash reserves to weather whatever storm may come your way. You have the right attitude though; take massive action and make this year your year! Best of luck!