All Forum Posts by: Logan Barwick

I Am looking at getting involved in rental properties and debating on which option would be best. I currently own a 3/2 ranch home with about 100k in equity and have 100k in liquidity. I'm very new to investing and weighing which options would benefit me the most.

Option 1:  Use the cash as down payment on another primary residence and rent out the current. Cash flow approximately 350 a month.

Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

Option 3: Pay large down-payment on modest rent ready house. 

Option 4: 20% down on 2 to 3 properties 

Also open to hear other ideas, I'm self employed so getting a lender can be a bit more difficult. I want to have a game plan in action prior to reaching out to lenders.