Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

5
Posts
0
Votes
Andrew Chong
0
Votes |
5
Posts

Getting started in MF with 100K

Andrew Chong
Posted

Newbie here, no deals. My goal is to buy and hold and invest for cash flow. I've done a solid amount of educating to the point where I feel like I am ready to take action. I want to start my REI career in small MF 5+ unit properties in Michigan. I want to BRRR but there's no way I can with 100K for what I'm looking for. On the other hand I can use my 100K and potentially use it as a down deposit for a 5+ unit property but then all my 100K is tied up. Right now, I do not feel comfortable partnering and only want to use my own 100K (I understand I'm being stubborn and creative financing is a big aspect of it and is probably like asking for advice on how to swim without using your legs). Given my circumstances, should I just continue saving more so I have enough to BRRRR with my own money or use my 100K to pay for a down payment meaning all my capital is tied up for a long time? Or any other solutions I am not seeing? Thanks!

Loading replies...