Newbie who has 400k to invest

[Charles Wang]

Hey guys! Long story short I have around 400k to invest in rental properties in south Florida. I have read the Fort Lauderdale market still has good returns if you find the right deals. I bought a MFH in January that has good cash flow and also am in he process of closing on a 3 unit MFH as well. My main goal here is to eventually live off of the income and have at least 20 doors. I guess my main question is how should I plan to do this. Should I buy all MFH under 4 units or try other routes? My girlfriend is a RE agent which helps with the closing costs and is pretty knowledgable. I feel like I am buying high right now... But don't want to sit on the sidelines as interest rates are still low and cash on cash is over 10%. Any thoughts?

[Ryan Cox]

If you enjoy buying and managing 3-4 unit properties, I would suggest getting extremely knowledgeable about the multifamily deals that fit that criteria in your area. With that knowledge you will be able to develop great relationships and insights about the market to acquire the best deals. There are multitude of avenues you could take to hit your goal, so choose the one you feel the most comfortable with and be the expert in your market.

Good luck!