All Forum Posts by: Alec Sithong

@Bill Exeter thank you for following up. 

thanks @Pat Marco! Nice info to have. I'll certainly investigate. Much appreciated!

@Steve Haight nice idea! Loving the fact of no headaches to deal with. I've always loved land itself and thinking of developing multi homes on it. But the thought of just selling it piece by piece is an excellent idea. I'll check out your website. 

sure send me some info. Thanks 

Yes I am also considering combining it as well. Although not sure $125K can get me to do both. Need to see if the numbers work. good point about the 1031 and deferring capital gains. I'll have to research that. Thanks!

@Steve Vaughan with my business plan using the ROBS from 401k I am limited to active business income and not passive income at this point. Unfortunately I can't do the Buy and Hold although I wish I could (unless I sell it under a year and let the IRS know it's active income). I need to build as much capital as possible within the first year or two to buy passive income later. I could mix the passive income (rental property or hard lending) within the active income (flips) but I cannot do only passive income. Either methods, I'd like to find out which has the most return.

@Jered Sturm thank you! Nice explanation on apartment building. As an architect I have no issues with remodeling or construction. I just don't want to work as hard anymore. I'd prefer to sit back and let my money grow with least headaches. Having multiple tenants, repairs, property manager, insurance, legal, and other moving parts that I'd have to be quickly learn would be a challenge.  Is it worth it? I'm sure. Am I ready? Probably not until I get a couple of single family homes or duplexes under my belt. These have smaller pieces I can control at arms length. What you present is a great way for maximum return which I will certainly look into. I take it you're not big into flipping properties for good returns? Thanks again for a great explanation on apartment investment. 

Hello BP'ers,

I need some advice on which direction to go: with a starting capital of $125K, which is the most affective way to get cash return in a year or two? My goal (like everyone else) is to aspire to live off of passive income by obtaining multiple rental properties. Is the best method for quick return on $125K cash within a year or two: 1. Flips 2. Flips & Rentals or 3. Be a hard lender?

Thanks Mark

Sorry this is a year later in response. But great question! What was the updated response?