Options for first time investing

[Steve Kirsch]

Hello BP. 

I am a "newbie" and have been a fan and listening to as many podcasts as possible. I will have funding available within the next 6 months (approx $150K) that I want to invest. I am looking to buy and hold SFH in the outskirts of the Denver metro area. I am from Englewood/Greenwood Village (college n Greeley), but have been living on The Big Island in Hi for the past 20+ years. I believe the rental market is more profitable in Colo than where I currently reside. Having this funding available, my question is: Should I invest in several properties taking out multiple loans, or just purchase 1 property with a larger down payment to reduce monthly loan payments? Then refinance that to purchase another? My goal is to buy a property each year for the next 4 years (at that point I am looking at moving back to Colo), then possibly purchasing multi-family units during the following 10 years. I am currently 47 and would like to have passive cash flow to be able to retire in the next 10 years. I am looking to meet other members and network for advice as well as meet new faces. Your advice?

[Nathan Poole]

@Steve Kirsch Welcome to BP!

I am also new to the REI game so just my opinion without a lot of experience backing it up, but if you buy one at a time, and then take time to evaluate what you liked/didn't like about each deal, you can continue to learn and shape each deal in a way that better suits what you're trying to accomplish, as well as really learn the market well and network with people as you work through your deals. Feel free to reach out anytime, it might be beneficial for both of us to bounce ideas off one another.