I like buying the fixed asset for cash in the area your parents live in.. SAFE secure and good way to keep your principal protected..
@Jay Hinrichs thanks Jay; do you have any idea what should be the average annual net rent for a 150k investment?
I know it depends on many factors but what is the amount I should seek to make it a worthy investment?
its all personal in the rental game I would suspect a 150k house in ABQ rents for 1000 to 1500 just a wild guess and you can figure about 30% in operating costs over a certain amount of time
so 700 to 1200 a month net..
currently we are seeing a big play on performing notes a little easier to figure out return since it set by interest rate but those are bringing in 8 to 10% so figure no cost to hold and about 1000 a month net to you..
so you do have options that's for sure..
@Mick A. You have a lot of options. One of them @Jay Hinrichs already presented to you. Other options include becoming a passive investor through either debt (as a money lender through notes) or equity ( by investing in a syndication ). I'm sure there're plenty of other options but wanted to give you some food for thought.