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Updated about 14 years ago on . Most recent reply

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Josh Lasserre
  • Real Estate Investor
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Looking for advice on maximizing first deal(s)

Josh Lasserre
  • Real Estate Investor
Posted

Hello,

I want to invest in rental property to develop cash flow. I'm most interested in 4 plexes.

I have $10K to invest and plan to have two separate family members who would be first time homeowners buy two separate 4 plexes with 3.5% down. The 10K (gifted) would split between them and used as DP money (approx. 5K each).

Does this sound like a strategy for maximizing the 10K that I have to work with?

How can this be taken a step further in order to aquire more property?
Thanks, Bonton

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