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Mike Malone has started 1 posts and replied 3 times.

Originally posted by @Nick Shri:

That's a decent cash to flip up to 10 properties in parallel, use your $ a bit, use OPM a bit, then BRRRR em. Possibilities are infinite IMO.

How would you qualify for that many mortgages?

0 Votes

Originally posted by @Account Closed:

Why limit yourself to Real Estate. Nice chunk of change could get you $60,000 a year. Takes knowledge and there is risk. But so does Mid western Multis.

Dealing with $600 renters doesnt sound like much fun.

12 units @ $600,000. Does the math work out? Each unit is $50,000 rent of $600. Looks sketchy to me.

Thank you for the reply. Can you expand on that? Are you saying alternative investments etc or something alternative within the field of real estate?

0 Votes

My partner and I have 200k cash on hand to buy a multi-unit. We've bought and sold 3 single family homes and 1 two flat over the last 5 years but would like to be more aggressive with our next move.

Located in the Midwest - our basic question is, should we buy a 4-unit building for 200K cash, or should we focus on mortgages for 2 or more similar properties and pay all the interest on the loans?

We are looking to hold for 5 years and then reassess. Rent is roughly $600 per door.

1 Vote