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Updated about 3 years ago,
Taken the wrong path (not sure how to fix it) need advice
It's been 4+ year of investing and I only have 45,000 cash and a business that makes good money and gives me a lot of free time.
Am I grateful for what I have of course I am. I only have one problem that is a little bit hard for a person with my level of education and experience to admit.
I don't know what to do next that will help me get closer to my end goal of having my 1st 200 unit appointment building with in 5-6 years !
My plan that I had set no longer makes sense with the prices the way they are now. I need some help improvising !
I don't care what it takes I will make it happen but I'm going to need some help.
if you were (self employed), had a small business that provide a lot of free time . P.S I'm not a W-2 worker I'm a bit limited when it comes to Banks. I have one bank that I've worked with for years that will basically lend me what ever I need on a 15 year loan 20%down payment. I have 45,000 cash. How would you use this 45k to get closer to the 200 unit complex all in one location???
my plan was to acquire cheaper properties in my area for around 50k that I could rent out right away that had room to create value by adding more units . Once I acquired enough, sell the whole portfolio to acquire my 200 units, by then I will likely have partners to help me acquire that 200 unit complex.
⭕those $50,000 properties that could be rented right away with no repairs needed (no longer exist in this market lol)
I would like this chat to be experienced investors only. This is a real issue and I would love someone out there to possibly help shed some light.