Looking for advice: $100k in savings, what is my next step?

[Logan L.]

Hey everyone!

I am a fairly new investor located near Fayetteville, NC. My wife and I currently own two properties, one rental and our primary residence. We are going to be going under contract on a new primary residence soon for about $375k. So in the near future we will have our home, two rental properties (both single families), and almost exactly $100k in savings. We are planning to set aside approximately $15k for new furniture, house-related items, etc, and we want to keep at least $30k in reserve. So with a working budget of $55k, should I look for BRRRRs myself, take on a partner, wait until I have more to work with, or (insert your suggestion). Thanks in advance!!

[Logan L.]

@Jaron Walling Hey Jaron, firstly, yes I ran the numbers for our current house and it actually cash flows very well on paper.

In terms of the investment strategy, my wife is pretty hands off honestly, but supportive of what I choose to do and I am leaning toward BRRRR right now because of the ability to recycle that capital. Eventually I would like to do commercial REI, but that's a few steps ahead.

As for the new house that we're buying, he have no intention of ever making that a rental. It is a home that we intend to live in for up to 10years at which point we'll sell. Also, it's important to note that we are buying the house with zero money down (military - VA loan), so that's not eating up any of our capital.