Newbie Miami investor with 150K to invest

[Jason Brown]

Hey guys just wanted to reach out here and get some advice. I live and invest here in South Florida (Miami) and I’m hoping some of you more experienced investors can let me know what you would do in my shoes and why. After just completing my first successful BRRRR I’m back on the market looking for my next deal. My first deal was a small SFH that I’ve now got up and running as a rental. I put up all cash for it which, took the pressure off of turning it around but still seemed like I wasn’t taking advantage of any leverage. Now that I’ve got my cash back I’m definitely looking to scale up but I don’t want to end up just plunking down my money as a deposit on something turnkey and give up on finding something that I can add value to and refinance out later. In my market 150k isn’t really buying any apartment buildings so I’d like to know what you guys would do were you in my shoes and trying to scale up. Thanks

[Jeff Wallenius]

@Jason Brown first of all, nice job on your first deal! If you continue your BRRRR strategy with leverage you may be able to do several at a time. This strategy is great, but remember that it won't always work flawlessly and you will leave money in a deal one of these times. You could also invest that $150K at a 10-15% interest rate and buy properties with leverage with your profits.