You can buy a solid A/B Class SFR/multifamily with that cash and do an 80% re-fi out to take and invest in another property and start building your portfolio out that way, or you can split the cash and buy a few SFRs upfront.A lot of people do the cash/re-fi out method and love it!

There are hardcore Real Estate Investors that will only invest in Real Estate and hold cash reserves, and there is a substantial part of the FI (Financial Independence) community that advocates for Index Fund investing (a la J.L Collins' "Simple Path to Wealth").

When I was 100% travel at my job I plowed all my cash to turnkey rentals. 10 years later I am FI.

I have two single family rental properties paid off and I want to go bigger and get into multi-family and am wondering if doing a cash out re-fi is the best way to go for the down payment? 

In fact, we just had a bank appraisal for a re-fi that put it $115,000 higher than our purchase price.The bottom line is that any of the automated home valuation tools are no better than a VERY rough guess. 

A I’d love to live here B this is where I am comfortable living C I hope I don’t have to live here D I don’t ever want to live here F I sure hope I don’t get shot or robbed here 

I am originally from Columbia SC. I

-Semper fi devil

I’ve been working, saving, and investing since I was 15-16, and the stock market is great, but I’m worried about a slowdown, and also hoping to be a bit more active on my path to FI.

As I start to explore “FIRE” and those who are on the path I decided to host a screening of the film, “Playing with FIRE” at The Neon in Dayton, OH and would like to share with the BP community for those who are also interested in the FI movement.