$80K liquid, $105K Heloc and $430K SDIRA - What to do with it?

[Jarrod Ochsenbein]

Hello all you savvy real estate investors.  I am new and started focusing on Co-living.  I am house hacking in Oregon and just bought my first investment property in Glendale Arizona.  Construction is almost done turning it from a 4 bed to an 8 bed. I have $80k in the bank and wondering should I buy another house for co-living with it or should I leverage for a down payment?  FYI I don't have a W2. I just left Intel Aug 15th after 23 years to pursue real estate. :)

$105K Heloc @ 8.5% variable

$430K 401k that I am going to roll into a SDIRA.  

What would you do with these resources?

[Travis Timmons]

If I were in your spot, I'd try to find some sort of W2 income and resist the urge to try to live off of cash flow from real estate. That is far easier said than done. To put it in simpler terms, $10k per month in cash flow is $1.2M invested at a 10% cash on cash return. That's gonna take a while. Of course, short term, mid term, and rent by the room strategies will or should increase returns a bit. It's still likely going to take more than 5 properties unless they are paid off.

Real estate investing is best when you don't need the money, are insulated a bit more from risk, and can start to get the snowball rolling downhill. If you have to pull money out to pay your bills, it's going to kill your momentum.