First Real Estate Investment Advice Wanted

[Account Closed]

We have a budget of 250,000.

My question is, is it better to have more properties worth less each, or less properties worth more each. Example would be I could buy 2 properties worth 100k each cash, or buy 10 properties worth 20k each cash.. which one is more profitiable? or is it all relative to your area etc...

These would be properties we are renting out, not flipping.

Also, we have little to no credit. If we bought 500k worth of properties and put down 250k or 300k do you think we could get loans?

I plan on doing lots of research and learning before I do anything, and have just ordered some books. But this is just a starting point for me with this question.

Thanks.

[Eric Schalk]

My strategy has changed over the last couple years being in this. I've learned that efficiency is everything. I personally, do not want another duplex or small multifamily. Managing 20 units on the same property is much easier than managing them all over town. With that kind of down payment a commercial loan should not be hard to acquire. The fun thing about commercial, in most places, is that they tend to look at the potential of the property more than the financial position of the borrower. If I were you, I would look at apartment complexes. Retiring early is about planning now, building the most efficient business possible. Talk to a commercial lender, look for that perfect property, and remember that 'E' word. Welcome to BP, and good luck!!