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Updated about 3 years ago on . Most recent reply

User Stats

3
Posts
2
Votes
Chris Siefert
  • New to Real Estate
  • Huntington, NY
2
Votes |
3
Posts

currently renting, want to invest

Chris Siefert
  • New to Real Estate
  • Huntington, NY
Posted

Recently divorced business owner father of two. I’m currently renting a small apartment and I’m torn between buying a house or going for it and taking the proceeds from the sale of the house I owned with my ex and buying investment real estate. I have over $100k liquid. I want to invest in multi fams and use that cash flow to cover my rent. Has anyone have advice to offer?

Most Popular Reply

User Stats

79
Posts
61
Votes
Sarah Bojorquez
  • Real Estate Agent
  • Cincinnati OH, USA
61
Votes |
79
Posts
Sarah Bojorquez
  • Real Estate Agent
  • Cincinnati OH, USA
Replied

Could you possibly start with a duplex or triplex?  Not sure how the market is in your area but it seems like doing that you could make a nice home for your children, while getting started in real estate.  I agree with the first commenter though that bottom line, making your children comfortable and secure should come first.

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