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Updated 13 days ago, 11/29/2024
Introduction and Seeking Advice on Best Way to Leverage $50,000
Hello, name is Caiden Mooney. I grew up in Erie, PA but I am currently an officer in the Army stationed at Fort Stewart which is near Savannah, Georgia. I received a bachelors degree from Mercyhurst University and have wrestled from pre-school all the way through college.
I caught the real estate bug back in 2017 from my Uncle who has been teaching me and mentoring me ever since. I only have one deal under my belt so far which was a double-wide house flip. The plan was to fix up that house an rent it out long term but with the market being high and I was moving out of the area it made more sense to sell at time.
I am looking to invest in the Hinesville GA area but willing to expand into Richmond Hill or Savannah area if need be. For my next deal I would prefer to invest in a small multifamily property (2-4 units) around $250,000. I am open to the idea of building a duplex or purchasing a preexisting home. So far I am finding that my price point may be a little low. I would consider single family homes as well but multifamily is the ultimate goal. I have $50,000 left over from my house flip that I can use for my next deal.
Any advice from other investors, especially ones local to the area, on how to best leverage my $50,000 in order to achieve my goals would be greatly appreciated! I would love to connect with local contractors regarding the possibility of building a new construction duplex or a modular home duplex. I also would like to get to know some of the property managers in the area as I look to expand my portfolio.
Happy to be a part of the community and to begin networking!