The best choice depends on individual circumstances, including budget, credit score, and long-term plans.Good luck!

In my opinion, it is the BEST strategy for first timers - you get the buying experience, the property management experience, and you get to start building equity right away (especially if you live in Denver).

When you have a proven track record of success, then you can use that experience to encourage others to invest with you.

You have some options definitely since you have experience.

. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical. 

Many investors think it's easy to DIY manage and avoid paying a PMC - until something like this proves they either don't have the time or don't have the experience to self-manage.

Keep in mind: For the 2024 tax year, individual filers won't pay any capital gains tax if their total taxable income is $47,025 or less.

Rescinded

Does the client have experience with this size of complex?

Does anyone have experience with 3rd party owner financing?