Use all capital for real estate investing or save some for opportunity

[Jason Evans]

I wanted to get a real estate investor view on this.  I sold my first home and netted $60,000.  My intention is to invest the money in a income rental property/ properties (ideally multifamily) not to live in. As a real estate investor would it be ideal to use most of the capital for real estate investing at once, as in down payment and rehabs, or find a property that would use for example 50% of that and hold on to the 30,000 incase a great opportunity down the road comes along.  What would a seasoned real estate investor do? 

[Jean Bolger]

I think it's hard to answer a question like this because it's so hypothetical. Obviously you want to be sure to have some reserves on hand no matter what you buy. But to pass up a great deal because it would use most of your available capital rather than just half of it would probably be silly. How do you know you'd find two equally good or better deals within a reasonable time?

I think you are better off setting some parameters for the returns you are looking for, such as "I'm looking for a minimum 15% cash on cash" and then looking around to see what might be the most efficient way to achieve that in your market