I have 600K to invest
Hello,
I'm wondering what my next/first move should be. I have about 600k to start real estate investing. 250k of that is savings and 365k of it is a HELOC. I am interested in buy and hold multifamily investing but am really open to anything. I work full time making over 500k per year. I currently own my home.
These are my goals:
1. Ultimately to make enough money in RE so that I can cut back on my hours and scale quickly
2. Buy another primary home (will rent out my current multifamily) within the next year or 2
3. Buy a second vacation home which will also be a STR which I want to do immediately
I was planning on using my savings for the vacation home and my HELOC to start buying properties. Would you put 20% down towards multiple properties at once? Use the entire amount as a down payment towards a larger property? buy places cash and refinance? Become and investor on other projects? I just don't know where to start.
Any advice would be great and I am not limited geographically.
Thanks!
Most Popular Reply
Please not another "I have 'x' to invest what do I do" thread. Rule #1 don't tell anyone how much money you have to invest. If this is even a real scenario you are just going to attract the vultures by telling the whole world that you have over half a million dollars to invest.