Best way to Deploy $30-40k Capital

[Rodney Clark]

Hello Everyone!  So I am a new investor, although I know a fair amount of different investing strategies.  

My wife and I are about to purchase our first property and have roughly $30-40k.

My current plan or strategy:

1. Duplex, live in 1 side, rent other side out via STR, MTR, or LTR

2. Single Family with ability to rent out attic or basement via STR, MTR, or LTR

3. BRRRR Method

4. House Hack

5. Larger multifamily, 3-5+ units rent out via STR, MTR, or LTR

6.  If doing multifamily, would be utilizing Property manager to ensure legal basis is covered.

7. Putting it all on black and living in a van down by the river either way.

Financing:

1. Either FHA with 3.5% down

2. USDA Loan depending on location, ideally 0% down

3. DSCR Loan

4. Potential Seller financing with very little down

5. Assuming FHA or VA loan at lower rate , although I need to cover current equity in home?

The questions I have:

1. What strategy mentioned would be the most advantageous and yield best ROI for a new investor? Thoughts are large MF, although worried about vacancies, repairs, etc.

2. Is there a better way to deploy such capital and yield better ROI in RE? Thoughts are to partner with experienced investor who may be able to yield better ROI, although need to safeguard as much as possible for potential risks.

3. What the heck would you more experienced investors do with this capital?

Any tips, tricks or suggestions to point me in the right direction?

Thanks for any and all information provided!  

[Kristine Ann]

I think you about covered it all. 

BRRR and 3-5 unit multifamily are too intense for a newby, in my opinion. Some of these other options you listed are decisions based on how you want to live and how you feel about having strangers in your primary house and aren't something we can tell you to do. They also depend on what loans you qualify for and what homes are available in your area.

Whatever you do, as a first time homebuyer, make sure you buy a house you can afford and that your monthly payment is as low and affordable as possible.