What can I do with $200K?

[Pranav Dhingra]

Hi everybody - new to Biggerpockets. Have been investing for the last 4 years now. I currently own 3 rental properties (and one home). 
I expect to have $200K in cash by Feb 2022 btw work bonuses, refinancing etc.

I am interested in branching into multi family next. Is $200K enough to branch into this space or should I save more? Looking to buy in / around Atlanta, Charleston, NC or TN. 

Thank you!

[Brenden Mitchum]

Hey @Pranav Dhingra, welcome to the BP community!

I agree with @Cameron Robinson - would be great to have a bit more to work off of!

That being said, I would say $200k cash should be enough in most SE markets to scoop up MF. I'm assuming you mean residential or fairly small commercial MF and that you'll be using leverage.

The real issue you're going to run into here in Atlanta is competition and cap rate compression. Good luck finding a deal on the market, as a newcomer to the area and asset class. Your best bet will be to focus on off-market lead generation to snag the first one. It will take time and patience, for sure. Networking will also be important because you never know who will be a key connection in an acquisition. 

More info on your goals & plan would be great though because there very well could be better uses for that $200k..

Please, feel free to reach out anytime if you have other questions or just want to chat about the ATL market!