What is the best way to invest 100k in 2022? Thinking about buying rental properties, multi family properties in the south or northeast. Want to ideally start a real estate business that can grow in years going forward.
Congrats on the 100k, great start! I'm not sure if you're open to house hacking but that would be a great start to buy a 2-4 unit with a low down payment (like with FHA). That way you have something started up and can learn the game a little bit and save on living expenses and since that shouldn't take out a lot of your cash due to the low down payment, use the rest to buy another. As far as what 100k will get you though it'll be a pretty big variation in different markets. Personally, I would go for small multifamily though and as far as condition of the property don't get anything too deplorable for the first one unless you have a strong team in place. If you're looking to invest outside of your area make sure you have a connection with a great team in that area, may be worth a visit to meet with the boots on the ground there.