I'm mid-60's have about 200K left to invest

[Craig Stephens]

Hi, I started real estate investing this year about two months ago as I needed some investment to increase value in my 401k. I've attended a couple of workshops and I'm now the proud owner of two SFH rentals with one rented and the other about to rent. I had thought that doing some flipping on homes in Phoenix area would be a good way to build funds to invest in further rentals. But I'm told by people that I trust that there's really not much market. People that are doing well in it are doing the rehab themselves, being very choosy about what they work and great negotiating the resale.

General question for you, I'll likely work for another 10 years before retiring (I'm not working now and haven't for a year). I have about 200K more that I can invest in SFH for rental or flip or some other avenue. What would you suggest?

Thanks,

Craig.

[Dennis Boboc]

Hi @Craig Stephens

My advice would be to leverage that $200k using hard money and buy more rentals. Hold them and when they are cash flowing, use them as leverage to purchase more rentals and even flips if you can find a good deal. There are good flip deals out there but you need to be patient. While you wait, go for the rental holds and keep building equity. Slow growth is always better than no growth. 

Just my advice....hope this helps a little.

Dennis