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Updated almost 4 years ago on . Most recent reply

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Laurie Palagyi
  • Rental Property Investor
  • Portland, ME
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How would you invest $100k?

Laurie Palagyi
  • Rental Property Investor
  • Portland, ME
Posted

I sold my house this spring and have $100k to invest. I'm looking for ideas from seasoned investors on how to best invest this capital.

I live in Portland, Maine. The housing market is high and bidding wars over properties are common. I'm open to multi units, development, flips, etc.

Goal: My goal is to have this money invested in ways to bring cash flow and retire from my job in five years.

Additionally, does anyone know of a lender for multi units that offer 3.5%-15% down for non-owner occ?

Thanks!

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Theresa Harris
#1 Legal & Legislation Contributor
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Theresa Harris
#1 Legal & Legislation Contributor
Replied
Quote from @Eliott Elias:

Put down payments on 3 flips and use the rest to set up draws for your rehab 


 Unless your market is different, with the high interest rates, now isn't the best time to flip.  houses are going to be harder to sell and prices will come down a bit in the short term.

  • Theresa Harris
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