$115,000 Invest in one deal or multiple deals?

[Ryan Gartley]

I have access to $115,000 through cash-out refinance i'm working on now, a HELOC, and my IRA. Would it make more sense to look for one bigger deal or smaller multiple deals with this money. My goal is buy and hold for long term strategy. Any advice would be greatly appreciated.

[Ryan Gartley]

Thanks for your response. @Colby Fryar, @Alex Bacon, @Caroline Widjaja I currently have 6 units. They are all in and around the neighborhood I live in (south of Pittsburgh). My goal is to get to 20 units by the end of next year. I guess it just depends on like you all said what kind of deal(s) I find and the market. I am trying to stay in my market just because that's what i know best. Would any of you advise not cashing out of my IRA? I know I will take a penalty. I feel real estate (as long as the ROI is right) is better than the stock market. There is about $45,000 right now. THanks for everyone's help