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Updated over 7 years ago,
How would you start in Real Estate if you had $100,000?
I would love to know the answer from people with experience. If you lived in Central Arkansas, where house prices and taxes are lower than average.
Would it be better to use the money for 20% down payments of 4-6 houses?
Or buy smaller houses for cash, and then refinance, and repeat as often as possible?
Or buy one house and rent it for a large cash flow?
In my limited opinion, these are the obvious options. But I would like to know what people with more experience think.
My goals are to use real estate for my retirement, with rental properties. For the next 5 years or so, I’d rather have tax deductions than extra income.
Also a bonus question. If you earned about $100,000 more than you planned in 2017, how would you invest to best limit your tax liability?