100K Capital...now what?

[Stacy White]

Hi all! This is my first post. My husband and I have spent the last 10 years becoming debt free (totally!), educating ourselves, and raising capital. We have saved 100K to start our real estate investing journey. Our goal for the next 10 years is to slowly work our way out of the "rat race". We are in our mid 30's, so I feel behind in the game a bit already. We are most interested in renting SFHs. We also have a booming beach condo market close to home. How should we start?!?! One SFH and see how it goes? Big down payment or as small as possible to acquire multiple properties? SFHs go for about $100K in our area, less for distressed properties. Looking for guidance and encouragement. How should we start with the capital we've raised?

[Kelly DeWinter]

Congrats on being debt free;

Option on how to spend 100K

. Send it to me ( hey it doesn't hurt to ask)
. Start small with a 1-2 bedroom condo - we did paid cash, entire rent went to building down payment for next.
. Repeat 2 times
. Move into sf homes

Using cash builds equity quicker then paying interest, yes its slower, but you build net worth quicker.

I think your mindset may be similar as you waited until you were debt free (no debt,no paying interest)
You had the patience to wait, in 10 years you can have anywhere between 10 to 15 properties.