Have $300k to get started. Need advice. Where do I begin?

[Andrew B.]

Hi everyone! This is my first post, but my wife and I are long time lurkers. We are in our mid twenties, and just paid off our mortgage. We know we want to invest in real estate. Our issue is we have no idea how to get started. We are planning on either cash out refinancing our home, or opening a HELOC. This would give us around $300k to get started with based off a 75% LTV.

What’s the best strategy? Single Family? Multi-Family? Apartments? For my area, Saginaw/Flint.

Is flipping homes a better route?

My family owns a real estate firm, so we have those connections already.

What should our plan of action be, based off your experience. We’re new, and we want to start off on the right foot. Tapping into you guys seems like the best first step towards success 🤗