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Updated over 3 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Danijel Mladenovic
  • Property Manager
  • New York, NY
1
Votes |
11
Posts

Save Or Raise Money?

Danijel Mladenovic
  • Property Manager
  • New York, NY
Posted

I can save $20k/yr, which is nothing. 🤣

Should I focus on finding ways to increase my income ((maybe find a better paying job, or work two jobs)) so I can save more money per year to invest?

Or

Should I focus on finding great deals and pitching it to investors ( apt building syndication)?

Or

Should I work with private lenders and focus on fix and flipping until I build up enough cash reserves to invest in a property with more units?

I have almost an excellent credit score, (I have experience with maintenance day to day operations and property management) ,I have some savings.

My father has construction experience 20+ years, maybe that can be an advantage to me too when it comes to fix and flipping?

So I am thinking how can I leverage my current situation in the best way?

Thank you all in advance!!!

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