I Have $60k........

[Hernell D.]

Hey Biggerpocket family, 

I bought my first property earlier this year, a duplex in Los Angeles, renovated, & rented it out . I am going to refinance in the next couple months and will have about 60k cash and want to move on to my next project but i'm not sure what to do next. Ideally I want to invest in bigger apartment complexes (5 units+) but the 60k won't be enough in most areas in socal (obviously). I don't want to give up on my idea of investing in bigger complexes so my few idea are...

1.) Look out of state but if so what areas or should I look in. 

2.) Partner up with another investor or two and buy something as a partnership.

3.)Raise additional capital. 

4.)Invest in something smaller for now and build my way up to the apartment building. 

What do you think? I'm open to all ideas and criticism. I just want to learn and make educated moves on this real estate journey.  

[Chris Tracy]

@Hernell D.- Nice work!  No need to go small or do anything at all on the management side.  You can be a passive investor in most syndication deals... $50k will get you in typically.  Reach out to any one of the syndicators on here and make that money work for you!