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Updated over 9 years ago, 03/23/2015

User Stats

31
Posts
2
Votes
John Nicholas
  • Mission Viejo, CA
2
Votes |
31
Posts

Strategy for lump sum of money

John Nicholas
  • Mission Viejo, CA
Posted

Good Day BP,

As a newbie just starting out, my first goal I set is get to 2500-3000 a month net income.  I have a lump some of money approx 2-300k to work with and want to come up with a solid low risk plan.  Below are some of the thoughts i am having,  I am just to green to understand the best strategy to reach this goal or if it is possible.  Any feed back would be much appreciated.

1. Purchase single family or multi-family. 

2. Buy fix sell first or buy and hold.

3. Use the money for down payments and finance as many properties as possible or pay cash for a couple of properties.

4. Down payment on a large apartment complex or cash for a smaller apartment complex

Have a great day...

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