@Monique O.
Let's see. Well, first thing I would do is go back to my old job and get it back if possible. My reasoning, traditional loans are easier to get if you have a W-2 job. Also, the 500,000 is investing money not living money. Guaranteed if you are getting good enough returns you can use some of that money for your own personal expenses, but in order to reach a goal of 5 million I feel virtually everything would have to go straight back into your business. I would get cousin Joe on board bye letting him know if he helps me raise up to the 5 million mark there's a million dollars in it for him. Get more boots on the ground looking for deals. I would contact Realtors, brokers, wonders, and wholesalers in my area as well as a 10 as many local REI meetings as I could. Got to get that knowledge. With knowledge and a decent network of people it becomes a matter of figuring out not just what those people in your network can do for you, but also how you can help to enrich those people.
So with that I say, even if you don't hit your 5 million mark you will have developed some good partnerships and friendships and have the knowledge to start from ground zero if you did "lose it all"
as far as investing, I would probably do a few flips until I could find a b r r r property. Then, move on to some rent and holds. Or, like Brandon was saying in the 90-day challenge webinar partner up with someone. If you can do that you can work on getting properties you might not be able to get on your own. 50% of a $200,000 property is still a lot better than 50% open $80,000 property. now I am new so these numbers are coming out of my hind brain. But, that's my opinion.
