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Updated almost 6 years ago,
I have over 75000 saved. What is the most efficient way to start?
Hello,
Late last year my father and I decided to partner up to pursue financial freedom. We agreed that he would provide the funds and I would do all the work regarding looking for deals etc...
We have over 75,000 saved but don't know exactly how to approach our first deal. I was thinking about using the " Stack strategy" were we would buy 1 property per year and every year double the amount of units we had the previous year. I know that with this strategy it would be a great way to learn as I go.
With a good amount of funds available Im having a hard time figuring out if i should leverage and use that for a down payment for maybe a 4 unit multi-family home or bigger and just start of big. ( still searching how big i can go with 75,000 down payment) or just buying a SFH all cash and make it a rental.
Would love to see what you guess think and maybe some advice on what i should do.
Thank you in advance for taking the time to read my post.