I just refied our first investment property (SFH still cash flowing $500 per month) and now have about $90k to invest.
I want to maximize my $90k, and am just struggling with strategy. My husband is a contractor/carpenter which opens doors. My biggest thing is with the options below, what puts me in the best shape to Grow/Scale?
Options:
1) Wait for the right duplex to go on the market and expect to pay $160-$200k for it with rents around $1400-$1600 for a 3 bedroom.
2) buy a massive project for $90k off market from our real estate agent. Needs $80k worth or work and would end up with an ARV of $250k. Wed probably rehab this as our primary residence…
3) Expect bigger appreciation but lower cash flow and look into another single family home.
