100k What would you do?

[Josh July]

IF someone handed me $100k I would......

put a 25% downpayment on a rental property and rent it out for 3 to 5 years and refinance and pull out my equity out, and put it into a larger rental property as a down payment... Buy Rent Refinance Repeat

[Anthony Gayden]

Originally posted by @Josh July:

IF someone handed me $100k I would......

put a 25% downpayment on a rental property and rent it out for 3 to 5 years and refinance and pull out my equity out, and put it into a larger rental property as a down payment... Buy Rent Refinance Repeat

 Keep in mind my market is less expensive.

I would buy a dated, but functional SFR at below market value using the 100K for the down payment. This would probably cost around $125K for properties that meet my criteria in my market, so the down payment would be about $25K. I would do a modest rehab for an additional $25K.

Hopefully I would be able to do a cash out refinance and get a good chunk of my money back after the rehab and I would rent the property out providing me with cash flow.