Starting Small or Diving into an Apartment Building? Help me Decide!

[Imran Syed]

Hey everyone, I'm an aspiring real estate investor with 200k in cash. Recently, I read Brandon Turner's real estate investing book, and now I'm torn between two strategies.

On one hand, I could start small with single-family homes and gradually multiply my investments over the next five years. On the other hand, I could dive right into an apartment building, using my cash as a down payment.

Brandon Turner's strategy suggests starting with multi-family properties for the first few years and then exchanging those for an apartment building. However, his strategy assumes the investor is starting with little or nothing.

Since I already have 200k in cash, I'm wondering if I should skip the multi-family properties and invest directly in an apartment building.

My ultimate goal is to achieve 1M of passive income annually within the next three years. Some might say this is unrealistic, but I'm determined to try.

What do you think? Should I start small or dive right into an apartment building? Any advice or suggestions would be greatly appreciated. Thanks in advance!