Need advice on the best 1st investment to maximize cashflow

[Ron Thomas]

Hello all!

I'm just starting out and wanted some advice on the best first investment given my goals.

I learned the fundamentals (from analyzing deals to financing strategies etc) in a BRRR program but then realized that a traditional BRRR wasn't ideal for me since I really need to replace my paycheck and quit my day job ASAP. I've been considering options like STR vs multifamily etc. and would really like some perspective from others with more experience. I'm based in CA but definitely open to investing in other states.

Thanks a ton!

[Frank Avallone II]

Hi Ron, glad to see you are eager to get into real estate investing!

I think all these different options you mentioned are great and usually will tie into each other. 

Depending on your current situation a house hack might help you achieve your goal of quitting your job because ultimately reducing overhead would also make that more feasible. I would love to hear more about what you are looking to do!