Ready to start, but where?

[Kevin Christensen]

BP Members,

Let me start by saying this is an amazing wealth of knowledge.  I found the Podcast recently and made my way here today.  My business partner and I own 5 retail stores.  We currently have around 200k cash at our disposal.  We are and have been in the process of educating ourselves to be real estate investors/flippers/landlords.  We did most of the build outs for our stores ourselves, so we are very handy.  My question is this:

We planned to buy a 2-4 unit to start out.  But I quickly realized with 200k we can easily pick up a 50-70 unit, maybe more property.  Is it too crazy to go big right out of the gate or should we just go for more doors if the numbers make sense?

[Dennis M.]

@Kevin Christensen It’s not crazy to go big out of the gate but you really need to be educated . The bigger the deal the bigger the mistakes are when they happen so don’t go in without knowing what you are getting into . Find someone in your area that is already doing this and see if they can help you through it