Using $70,000 to buy one investment property or two?

[Curtis Davis]

Hello fellow real estate investors! My name is Curtis and I am currently researching how to enter into real estate investing. I have $70,000 to use for a down payment however, I cannot decide whether to split that up and buy two properties or use it all to buy a single property. I have been contemplating this question for quite some time and I thought it was time to turn to the wonderful BP community for advice. 

Where I currently live makes it difficult to buy a home for $70,000 as a down payment so I am stuck looking for real estate as a long distance investor. Some areas I am considering are Atlanta, Raleigh/Durham, Charlotte, Ohio, Alabama; but I am always open to suggestions!  Any insight or guidance that anyone can provide will be extremely beneficial and is immensely appreciated!

All my best,

Curtis 

[Sean McDonnell]

@Curtis Davis I know this is not the most helpful response but it really depends on what your goals are. Have you thought through and written down what your goals for real estate investing are and what strategy you are pursuing? 

If your goal (like many BPers) is to eventually have cash flow from real estate to replace your W2 income, I would say it would probably make sense to try and buy multiple SFHs or a multi family. If your strategy is focused more on the longgg term wealth building, you might want to just buy one property that will likely appreciate a ton in the next 30 years. Sorry if I am muddying the waters. Hope it helps.