I got a loan for 300k - Located in NY - Will like to do...

[Shan Xspiteri]

Hello Everyone!

I have been following REI for about 2 years, and have listened to many podcasts of BP.

Doing all that got me excited and nothing gets me excited more than property (even though I don't own any)

However! My parents are willing to go in a deal with me and have 300k LOC to use.

We started to attend a local REI meeting, which was pretty awesome.

I'm just here to seek other advice and opinions.

I'm located on Long Island, NY

Both myself and my parents have come down to the following that interest us the most

1) Buy, fix, flip

2) Multifamily rental

I like the idea of multifamily. However, here in NY... they cost a lot (NYC and surrounding areas). 

If you had to go with one or the other, which route would you take? Again, we are keeping all of our options open and just looking for other ideas.

It seems the market is very competitive here!

Cheers!