Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Buying & Selling Real Estate
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 7 years ago on . Most recent reply

User Stats

10
Posts
0
Votes
Anthony Arredondo
  • Nevada
0
Votes |
10
Posts

Best way to use $100K on additional properties

Anthony Arredondo
  • Nevada
Posted

Hey guys, someone told me to check out Bigger Pockets when I asked this question elsewhere, so I'll give it a whirl by seeing if anyone here has any opinions about this.  I'm a full time landlord now with three properties, and I've managed to accumulate $100K through short term rentals, long term tenants, and a bit of cryptocurrency on the side.  It's not hard to find a duplex here for $80K.  Does anyone have any thoughts on the best use of this money to step up my real estate game and buy more properties?

I figure buying a house with cash would give me some negotiating power and maybe I could talk them down $5 or $10K.  Then I could cash out refi and buy another.

Alternatively, I could just use it for three downpayments and get three more houses.

Alternatively, I could just hold onto it and see if the market takes a hit in the next year or so, then be glad I waited for the right time to buy.  

Anyone have any thoughts?

Loading replies...