$300,000 What would you do?

[Lance Williams]

Hello, 

I am approved for a conventional loan with 3% down for up to $300,000. My goal is to replace my current income with cashflow from rental properties. In this situation, what would you do? How would you start?

Lance Williams

[Reed Rickenbach]

The quickest way to get life-altering cashflow would be to find a multi-unit property and live in one of the units. Eliminating most or all of your housing expense will be the most bang for your buck. It would take a lot of RE to cashflow enough to cover your living expenses otherwise.