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Updated about 3 years ago on . Most recent reply

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Jeff Miller
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I've been saving cash and now I want to buy an investment rental

Jeff Miller
Posted

I have >$400k saved and accruing zero interest in my savings account :(

What is a good bet for my first investment property? I'm thinking single family home; rent it out for a few years and ride the equity wave. 

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

$400k in cash means you have in your hands $2M worth of RE.  That's a lot of cash flow if you buy the right properties.

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