$500k for a down payment

[Nick Gold]

Hi,

What would you say to a newbie in RE investing with $500K savings? Should i invest in my Backyard? out of states for more options and better return? residential, commercial? Don't invest in RE yet and buy a business instead?

Thanks for your help.

Nick

[Mark H. Porter]

Leverage 75% LTV, buy $2M in multi-family class B/C needing lipstick to max the rents, stabilize for one year of clean operating expenses, cash-out refi, wash, rinse, repeat.