All Forum Posts by: Derek L Mooy

@Seth Greenfield

Thanks Seth! That’s the route I’ve decided to go. Currently working a deal on two properties and will hopefully have at least one completed within March.

The first one should cash flow very well but the second one will need renovations but should cash flow quite nicely afterward. One deal at a time for this newbie.

@Nicholas Sheridan, Jr.

So what would you do if you had 20,000 to invest in order to maximize those dollars with the buy and hold method?

@Nicholas Sheridan, Jr.

Thank you for the advice. I think I'll skip out on this one even though I know the guy well. The numbers make sense but I think my dollars can bring about more ROI and cash flow with other investments.

I’ve got about 20k to invest in buy-and-hold rental properties. There are two ideal routes I see at this point to do this.

1. I found a local landlord that is beginning to sell out and has a home he's willing to give me a great deal on as a way of mentoring me into the business. I'm not interested in most of what he has for sale as they're ran down far past the point I'm willing to rehab. Should I pay cash for this one unit and use that equity to purchase the next home somewhat following the BRRR method? Or...

2. Use the 20k for down payments on a couple more expensive properties that will provide more cash flow immediately. Then use those properties as a springboard for other properties.

I’m currently 36 years old and have an end game of having enough cash flowing properties to be able to quit the day job in my 40’s in order to focus on family and helping others.