What would you do if you had $120k to start?

[Matthew Tregoning]

Hello Everybody,

Long story short I have around $120k to start my real estate investing journey. My goal is to become a full-time investor in the near future. I've been studying the game for around 2-3 years now, so I'm feeling pretty confident. I'm going to be buying an owner-occupied house-hack in the near future and then start looking for investment properties. How aggressive would you start out? And would you advise against chasing cash-flow markets such as those in Ohio? 

Thank you for your expert advice and mentorship. 

- Matt

[John Morgan]

@Matthew Tregoning

I did a cash out refi on my primary house 3 years ago to take out and play with 100k to buy real estate in Texas (DFW area). I used it to buy 3 SFHs with 20% down. I've been making over 40% or more CoC with each down payment since then, if you factor in monthly cash flow, principal pay down and appreciation. And these are all on 15 year loans. My advice is to just jump in and let your $ work for you. It's insane how good of an investment real estate is. And it's fun!