All Forum Posts by: Michael Steyn

@Chris Cambridge

 Thanks so much! In other words, use say $ 60 000 to acquire 2 properties worth $ 100 000 each - put $ 50 000 aside to cover unexpected expenses?

G'Day BiggerPockets,

I will be immigrating to the States in July and currently contemplating what the best investment strategy would be for someone in my situation. I would not have a credit score when I first arrive, but have set aside a cash amount (150 000) to get the ball rolling as they say. What do you guys think about paying cash and pulling out 70-80 % by refinancing 6-months later with the intention of duplicating the strategy...?

My investment aim is to buy and hold for the long-term. Any thoughts? Would appreciate any thoughts or comments.