Should i buy Multiple properties or one big property?

[Sean Harry]

Hello BP family, 

This is my first post on BP and first i want to say I am very thankful for the insight i get from this community everyday.

So the question i have is, i was recently approved to receive up to 2.4 million for the purchase of Real Estate properties. Now my question is would it be best to spread this across a wide portfolio or would it be better to put it in one or two large investments?

I live in NY,NY so the other question is should i leave my market and go to another or should i just grab a place in NYC since I am able to at this point.

Thank you again,

Wish everyone great success

[Antoine Martel]

Sean. 

If I were you I would invest out of state for cash flow. You would never have to work again.

You could look for large multifamily properties to purchase but the market is so hot for them right now that it could take a long time to buy one of them.

There is a huge opportunity right now in the 1-4 unit space because there are so many properties available. 

Out of state you could buy rental properties for $70,000 each, and each property will make $250/mo in net cash flow. You can buy 10 of those properties for $700,000 and make cash flow of $2,500/mo. 

And that is just by using 1/3rd of your pre-approval amount!