A little about my goals and journey.

A little about my goals and journey.

My goal is to buy and hold as well as flip houses to begin with.

My goal is to buy and hold as well as flip houses to begin with.

I’m looking to move into larger multi family properties with the goal to initially replace my W-2., build passive income and equity to teach my kids the value of.

It's up to your comfort level and goals but, why not look to refinance and get a lower monthly payment and use the $60K+ to possibly invest into other real estate?

I understand people have different goals, but in this scenario let's pretend you've already reached financial freedom at 10k cash flow but you want to continuously grow your business and make as much cash flow as you can. 

To get an idea of my goals which may have an effect I'd like to close on 2 more multi-families within the next six months.

I need to set some goals to make sure this happens in a reasonable period of time. 

Hello BP, looking for some perspective/opinion on which route to take with $50K cash with the goal of long term buy and hold: Pay cash for a BRRR - $50K Purchase (finance) two $100K properties - $50K down payment (in total)For simplicity, assume my numbers/deal are spot on and the cash flow in both scenarios is the same.Pros of 1 BRR – Left out the R for repeat...as I would hold on to the property - No loan, one property (with same cash flow) – slightly less maintenance as only one set of mechanicalsPros of 2 financed properties – Leverage, mortgage paydown by tenant, more potential appreciation (2 vs 1 property)Cons of 1 BRRR – less rehabbed (just rent ready) vs 2 financed TURNKEY propertiesCons of 2 financed properties – lower cash flow per door, paying additional (taxes, insurance)thoughts?