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Updated almost 9 years ago,

User Stats

16
Posts
3
Votes
Marco Campos
  • Rental Property Investor
  • New York, NY
3
Votes |
16
Posts

My next move, apartment building or residential expansion

Marco Campos
  • Rental Property Investor
  • New York, NY
Posted

Hello all, I need ideas/help on my next real estate move.

I have excellent credit, $150K salary, Aproxx: $450K net worth, and $150K cash. I have 3 years experience from owning a mega cash flowing 4-plex and just purchase a cash flowing SFH (2 loans total). Est at $30K in total cash flow.

I am leaning down 3 options:

A) Buy an apartment building. Can anyone give me an idea of what I can afford based on my stats?

B) Expanding via the residential properties...max out 10 loans then kick in the snowball effect of paying them off.

C) Searching for a good partner(s) to buy an apartment building since I have little commercial experience.

My goal is to build the most cash flow w/some hope of appreciation.

FYI, I Ultimately want to get my MBA in Real Estate and move into apartment buildings or other large projects (major passion for real estate). I am just not sure if I should make the jump now. 

Thank you all for your time in advance.

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