Hi everyone, I wanted to throw out a question and get some ideas/feedback back from you guys.Trying to soak up as much information as possible before I make my first purchase If you had to start from the beginning,  and you had $50,000 cash to invest, and your ultimate goal was to quit your day job and do this for a living within the next 5-10 yrs, how would you invest? 

It really depends on you're comfortable with and your goals.

Stay encouraged my friend... set your goal and make it happen.

I would love to know how those of you who have invested in multi units in the twin cities have hit your Cash on Cash ROI & cash flow goals, given that the properties I've found on the MLS have multiple offers and seem to be flying off the market at or above asking price.  

I would love to connect with you and find out your goals and maybe offer some guidance and tell you about some of the mistakes that I have made so that way you don't make them and lose money like I did.

Instead of paying off the loan in 5 years, set a goal to pay it off in 2.5 years.   

Any suggestions on where to hang my license in Maryland if my primary goal is for handling my own deals?

Cathy,Experts will tell you that the goal is to find properties you can improve and move up to match the higher quality area.  

I think REI is the best path for me to take to increase my capital with passive income and short term goals, Long term investing is not something I want to start out with.

Her goal in all of this should be to keep the unit clean and presentable to potential applicants.Gail