How to invest when starting out?

[Melanie Collins]

Hello Everyone,

Recently last year I sold my home in Lakewood, Co in May just before the market shifted. We sold in three days with a bidding war and over asking price. We are now in Mexico for the winter and have been reading, watching you tube, podcasts, and learning how to analyze deals. I am looking in Denver market and Tampa market at the moment and have a few other markets in mind.

My main question is if you had the funds to buy one large multifamily or three smaller investments for example how would you go about investing as a beginner? 

I feel that I should start out with a smaller investment and build my portfolio from there but have been sent a multifamily in denver area that would take all my funding and a small mortgage as well. We have experience in remodeling as well and are not afraid to take on a remodel.

Thanks

Melanie Collins

 

[Jevon Shaw]

This is just personal preference, but I'd go for one at a time as a beginner. I'd want to get my systems in place to make sure I have success moving forward. If I needed something fixed, I'd rather have that spare cash than have all of it tied up in the asset.