Advice - how to invest $300k today?

[Kent Santin]

Hi all!

I’m ready to dive substantially deeper in real estate investing and have up to $300k ready to be deployed. I’m currently grappling with which path / options to take and would love all your thoughts – below I have outlined some context of my situation and options.

Context:

• - Currently own 2 properties – my SFH (which I don't want to move out of) and a condo that is rented (currently to family members which makes it easier)
• - Have 150k cash + 150k available from a HELOC at 3.75% -- have more available but this is all I want to allocate to REI right now (I say this so you know I'm not being super stretched investing the 300k)
• - I’m open to investing locally or remotely within the US – we live on the WC approx. 3hrs from SF
• - My wife and I work demanding 9-5 jobs – we are open and willing to spend material time on this but cannot make it our full-time roles for at least a couple more years

Options – I have outlined these in my perceived level of difficulty, would also love you thoughts on that

1. 1. Buy a multi-family unit (3-4 unit) in SF with 20-30% down and rent out
2. 2. Invest remotely by purchasing a property for $40-75k that needs a lot of work put in $50k of reno, REFI for $120-150k appraisal, and then rent for $800-1k/mo – repeat many times in 1-3 different markets (do 2-3x a year)
3. 3. Start a syndicate / fund and raise a total of $1-2M in funds from other friends/family/investors to buy a 10-20 unit apartment building
4. 4. Buy a small piece of land (1-3 acres) n a mid-sized WC city for $100-250k and develop a small 2-6 unit multifamily structure (would have to take out an additional construction loan)
5. 5. What other options am I missing???

Thanks for all your help / thoughts - very much appreciated!