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Updated almost 6 years ago,
Best Capital Allocation Choice
Looking for feedback on best allocation of capital. Goal is to grow the number of doors , for long term cashflow.
Currently have one cash flowing unit and a primary residence. (SFH)
Looking to deploy approximately $25,000 - $30,000.
Option A - renovate and upgrade current primary residence with roughly $15,000. (Although it’s in good condition and rent ready as is).
Take remaining capital and purchase another SFH to now live in, turning previous into rental.
Option B - investing all capital (including saving 3-5k for reserves) into a turnkey property out of state.
Option C - continue to analyze and save enough for a small multi-family property.
Additional info: I’m a W-2 worker , and law school student, free time is not something I have in abundance.
What would you do?