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Updated over 7 years ago, 07/15/2017
I just turned 22, what is the best path for a strong portfolio?
Hey guys, I am in the process of buying my first multi family propery. This is a 3 unit in a great location. CoC return is going to be about 70%, CAP rate is looking like 13%. Pretty excited about this first move in REI!
My goals are to focus on buy and holds for long term returns. I am very interested in the multi family realm and feel this is the best route to take vs my other options in REI. My goal is to reach 100+ units by the age of 30. In this process I currently hold a full-time and part-time job. So I will have a few different income sources to suppliment this goal.
I have heard a lot about the BRRRR strategy and have seen it work for many, but I don't like the debt factor that comes with it. At the same time I totally support letting your money leverage and work hard for you for quickest ROI results.
I am planning to take this route to achieve my goal of 100+ units by the age of 30. My question is what do you guys think would be the best method or strategy to achieve this goal? What has worked for you?