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Updated about 6 years ago,
Ready to start, but where?
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?