Updated about 9 years ago on . Most recent reply
Ideas to invest and or leverage $100,000.00 cash in real estate
I'm just wrapping up on my first flip. I should yield a little more than $100,000.00 and I want to reinvest back into another real estate deal. What type of deals should I be looking for and is it too early to think commercial? Any advise is greatly appreciated.
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
Congrats @Marqus R. Jackson!
$100k is awesome! Hopefully you have factored in your silent partner in operation, the IRS.
Flippers will advise to buy another flip. B&Her's (like me) will advise to buy and hold to not have to keep working forever at high tax rates.
In a rapidly appreciating, skinny cash-flow market like DC, I would think flipping may suit it best, but what are your goals? Seeking deals and working to build capital? Having some nice cash-flowing rentals with tax advantages? Do share!