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Updated over 8 years ago on . Most recent reply

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8
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2
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Gen Young
  • Monterey, CA
2
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8
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Looking for advice for first time investor

Gen Young
  • Monterey, CA
Posted

How did you decide what strategy to invest with? 

I have about 500k to invest but there are so many options. How many of you did deals/business first to acquire more capital? Eventually I'd like to have multi family buildings but I'm not sure what the best path is.

I'm interested in flipping/rehabbing but I'd have to travel 2-3 hours as my home market is too expensive for me. I currently work from home and I'm 26 so I have the time and risk tolerance. My parents are investors and have flipped a few houses recently. They seem to think it's too hard/time consuming for me but I'm younger and have way more energy and time to dedicate to this. 

I'm not to be spoon fed but I'd just like to see how others first started out. Thanks in advance  !

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