Play it safe or swing for the bleachers?

[Sean Dawson]

'Evening all.  Got another question for the hive.  We have 2 deals available to us at the moment. An 8 unit and a 32 unit.  The 8 unit would (should) give us $113 per door return.  The 32 unit would be $154 per door if we can get expenses down to the 50% range, and after the seller carry back is paid off (5 yrs).

Problem is we would use ALL our available funding to stretch for the 32 unit. Seller carry back loan, HELOC on our primary residence, most of our savings (less the required bank reserves). All of it used. Scary times indeed. But also I view it as a good opportunity.

The 8 unit is safe and profitable and we could do more of those if they come along.  The 32 unit would be a great leap forward for us.  We want to be at 100 properties @$100 a door within 5 years.  Obviously the numbers of units can change with the return we get, but we would like $10k "passive" per month.  

I know there isn't much hard info in this post, but the gist of it is I guess, slow and steady, or leapfrog?

Thanks!