100k to Invest, Need Advice

[Alexandra Gortchilova]

Hi everyone,

I've been a lurker here for a while, read a bunch, listened to podcasts, did all I can do on paper. Now I need to take action and my first attempt at that failed. I thought I had found a nice contractor company to invest in some flips, but guy never came through with showing me his portfolio. A lot of talk for a couple of weeks and nothing. So now I'm feeling a little less optimistic.

I'd like to invest 50-100k in the Indianapolis and surrounding burbs market. Ideally, I'd find somebody who does that for a living, has a bunch of knowledge and is willing to let me tag along with him and soak up all I can, while trying to not be a pain in the ***. 

How do I go about finding those companies? Also, I've tried to find a dedicated guide to first-time money investors (what are the usual terms in the industry when it comes to interest rate, loan time, what docs I need, etc) but I can't find one. There are a lot of REI guides but those are mostly written from the point of view of people seeking for loans rather than making them. Any ideas are appreciated. Also, sorry for the long post.

Alex

[Ingrid J.]

@Alexandra Gortchilova Welcome to BP!

Some genereal advice is: be very careful with who you tell about having money to invest. I would keep it to myself for now and spend the time scouting the terrain. Consider many options before making your final choice. 

Best of luck.