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 over 6 years ago on .

User Stats

8
Posts
0
Votes
Charles Rogers
0
Votes |
8
Posts

What to do with 200k??

Charles Rogers
Posted

Hello All!  Long time lurker here and avid podcast listener.  I have been fortunate enough to have saved 200k and am wanting to put this into real estate.  My goal is to get to 10k a month in net income through rentals.  I want to focus on multifamilies for scalability, but don't really know the best way to start.  From what I have been told by a mortgage broker is that if I buy a 4plex, I will need to put 25% down, so I could buy around that 800-850k range.  Should I consider a 4plex cashflowing $1500 or so a month and put all my money into this one 4plex and wait until i save enough to buy another complex or are there more creative financing routes to expedite the pathway to my goal of 10k a month??  I will continue to work a full time job and have access to another $100k I will keep in the stock market, so there is access to additional capital if absolutely necessary.

Any inputs/advice would be greatly appreciated!!