How would you manage ?

[Nida Chaudhry]

So a bit about me …. I'm a newbie and financially in a situation where I really need to make this REI work. Since I don't have any experience (besides reading these BP forums), I want to minimize my risks.

I want to start but I'm going back and forth between MF, SFH BRRRR, buy and hold land with the intent to build MF later. So these are the only 3 things I understand so far.

I have the option of taking a home equity loan for maybe up to $200K on my current residence.  I’m thinking of doing that so I can make cash offer for distressed homes.  But I wonder if that’s a good place to start.

so basically my question is This:

IF U HAD $200,000 FROM A HOME EQUITY LOAN (I hope that’s a smart option), HOW WOULD YOU UTILIZE THAT CASH TO BUILD A SUCCESSFUL REI PORTFOLIO?

should I buy a couple of SFH and rehab then using BRRRR , or should I look for multi-family or should I buy land with the intend to build later ? Your answers and advice would really help me, Thankyou !