100,000 in cash, now i need to pick one of two ways to proceed.

[Patrick Martone]

-I have 100k in cash. After establishing a track record I may consider partnerships

-I am familiar with NJ, Houston, and South Florida. alternatively I may do Charlotte or Raliegh, Dallas, Columbus, Minneapolis, or Nashville memphis.

Scenario 1. My goal is to househack and rehab myself a 4 plex and cash flow it. I can go the Streamlined FHA route and refi later or put 20% of my cash down on a 30/yr.

Scenario 2. I start by flipping SHFs with the cash I have to build more capitol towards a 4plex (Scenario 1)

Should I just jump into scenario 1?

Should I build up more capitol through scenario 2? 

What areas would you recommend?

[Elizabeth Wilson]

@Patrick Martone - First of all congrats on moving forward into real estate!  Those are all awesome goals!  My biggest question is where do you want to live?  I know nothing of the other markets, but I'm sure you can find a deal in your price range in all of them.  

If you decide on the Memphis route, send me an email.  I'm always running across deals.  Also if you want, my husband @Sam Wilson is a real estate agent and will be happy to set up an MLS search for you.

Best of luck!