All Forum Posts by: Jerry M.

I bought a primary residence in 2004 and in 2006 made it a rental. Sorry for the confusion. The other home I bought 2012 and the duplex this year.  

My goals are to create cash flow using buy and hold. I am 33 years old and I invest in the RDU area of North Carolina.  I bought my first property in 2006 and I have dealt with tenant issues and have had to evict tenants. I currently use property manages to handle the process for me now.

I have never been a big fan of debt so my idea of real estate investing maybe different then some since I see alot about using leverage or opm to buy homes. My plan is below, but always open to any ideas. Thanks

1: purchase homes with cash

2: rent homes

3: sometime in the future 1031 exchange them and increase the amount of paid off homes I own. 

I currently own a duplex and two single family homes. 1 home is paid off, duplex is owner financed and other home has a traditional mortgage on it. All are currently cash flowing. 

 The question I have is how would you invest 250k cash? Paid off low income homes, use as leverage to purchase as many properties as possible or use as a down payment on a small apartment complex/trailer park. I personally think it would be best to purchase as many low income homes as possible. 15k to 25k homes renting for 500 to 650 per month. Please when you answer I would also like to hear way you would invest that way.

Thanks