I have about K that would like to invest on real estate. Banked owned properties here in California are plentiful. I need to hear what route you would take. Would you use this money for down payments on possibly a couple of rental properties? Or, would you make a k- to k cash offer on a property, make improvements and rent it out for a positive cash flow. Then, take out a HELOC or equity loan on that property (as long as my rental income can cover that amount) to recover my original k. Then, repeat the process with another property? Can this even be done?
* My wife and I are 33-35 yrs old. Both in education careers.
*No credit card debt, only 1 car payment
*Credit scores at least 750
*Not using cash from savings reserves
or money that were putting into retirement
*Currently own 3 rentals and primary home (none "underwater")
*Can find okay areas where I can purchase a home for K
**I keep hearing "we are so young not to be taking risk right now"
