Hi everyone I am Jordan and I’m 20 years old. I have read tons of bigger pockets books, as well as others for the past couple of years. I have one rental property right now that cash flows $300 a month.
I have a cash flow goal of $5000 but I’m in a unique situation. I am blessed to come from a family that is well off. I have family that’s owns apartment complexes, and other commercial properties. My dad and I have talked and he will finance all of my deals but they have to be under his criteria, which are have to be in my hometown or the small towns around us. My hometown has a population of 60k and the 3 towns near us are much smaller.
That's pretty much his only stipulation. So in your opinion should I just BRRRR SFH, or look strictly for bigger MFH? I personally want to do some STR, but my dad is old school and not comfortable with that. So my plan is to get some more properties to get his confidence in me up, plus my own capital so that I can.
I look forward to hearing your opinion on what can help me get to my goal in 2 years!
