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Updated over 5 years ago on . Most recent reply

User Stats

23
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4
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Daniel Stegelman
  • Internal Medicine Physician
  • Muncie, IN
4
Votes |
23
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What would be your strategy to invest $80,000USD in real estate?

Daniel Stegelman
  • Internal Medicine Physician
  • Muncie, IN
Posted

We are a couple (in our late 20s and early 30s) with stable incomes, good credit scores and $80K to invest in real estate. We are a big fan of the BRRR strategy and have decided to make this our focus. Our goal is to acquire as many houses as we can in the next five years. We currently have 4 SFH that have $800/month cash flow.

I am very curious to learn what you would do if you were in our situation? Would you use the capital to put as a down payment on a large property, or would you use that to buy house cash, fix them up, rent them out and refinance?  We live in the Midwest area where we can easily acquire properties for less than $100k. 

Thank you for your time!

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User Stats

709
Posts
740
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Matthew McNeil
  • Rental Property Investor
  • Boise/Portland
740
Votes |
709
Posts
Matthew McNeil
  • Rental Property Investor
  • Boise/Portland
Replied
Originally posted by @Aariff Kadar:

@Matthew McNeil where do you guys invest? Please help me I am a newbie.

 I invest in Idaho.  Higher priced market with higher rentals.  But I utilize recasting as part of my strategy to increase cashflow, then I pull out equity to buy additional assets. 

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