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Updated almost 2 years ago on . Most recent reply

How to invest 2M in Multifamily
Hello,
I recently left the corporate world after 20 years and decided to take a sabbatical. Ideally, I would like to not return to that world and instead, take my savings (2M) and invest it in RE as my primary source of income to maintain my lifestyle and build wealth. What recommendations do you have on how to maximize that money to get best returns? One big property or multiple ones?? other ideas??? thanks
Most Popular Reply

I would start with the mindset that you need to leverage your capital and not buy properties all cash. I would stay under 60% loan to value for the best rates. Commercial lenders will want to see you have experience operating a MF property, so if you don't, I would recommend sourcing a good property management company. If you don't currently own any investment properties, I'd be cautious jumping right into the deep end and buying a large MF property. You are in a very competitive market in PHX too, so make sure you are buying right or look out of state to make your money stretch further. Feel free to reach out if you want more feedback and guidance.
- Mark Munson
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- 407.900.8799
