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Updated over 6 years ago on . Most recent reply

Michael Garfias's profile image
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Michael Garfias
  • Member since Aug 11, 2018
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Michael Garfias's profile image
Michael Garfias's profile image
Michael Garfias
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Michael Garfias
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New Member Introductions

Starting off with $50k! What would you do?

Michael Garfias
Posted

I'm selling my home to paying debt and start investing in rental properties. I'm looking to walk away with truly $180k. How should I start off? Multiple units or pay cash for one?

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Michael Kistner's profile image
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Michael Kistner
  • Rental Property Investor
  • from Lodi, CA
  • Member since Mar 7, 2018
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Michael Kistner's profile image
Michael Kistner's profile image
Michael Kistner
  • Rental Property Investor
  • from Lodi, CA
  • Member since Mar 7, 2018
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Michael Kistner
  • Rental Property Investor
  • Lodi, CA
115
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206
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Michael Kistner
  • Rental Property Investor
  • Lodi, CA
Replied

@Michael Garfias

I agree look for a 2-4 unit mf. I'd put down the least amount you can and fix it up to get appreciation. At the same time I'd be looking for more rental properties. Preferably mf. But nothing wrong with SFR either.

 Good luck!

 - Mike

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