Advice on how to invest next

[Thomas M.]

Hi BP! This site gives great advice and I could sure use some. I'm going to be selling my house soon and looking for best way to reinvest the money elsewhere, probably in Idaho. We currently live in socal and its to expensive for us to invest here. Hypothetically if you guys had 150-200k how would you try to use it to maximize biggest returns? I'm looking to change careers and start in real estate. I'm unsure if i want to use it to fix/flip a couple houses or spread it out to buy as many properties as possible???  I know its not much but trying to figure out how to flip the  profits off our current home. Any and all advice appreciated! Glad to be a part of BP!

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Originally posted by @Thomas M.:

Hi BP! This site gives great advice and I could sure use some. I'm going to be selling my house soon and looking for best way to reinvest the money elsewhere, probably in Idaho. We currently live in socal and its to expensive for us to invest here. Hypothetically if you guys had 150-200k how would you try to use it to maximize biggest returns? I'm looking to change careers and start in real estate. I'm unsure if i want to use it to fix/flip a couple houses or spread it out to buy as many properties as possible???  I know its not much but trying to figure out how to flip the  profits off our current home. Any and all advice appreciated! Glad to be a part of BP!

Hi Thomas, pleased to meet you.

First, Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, "Subject To", apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc. Decide how much money you have access to, & the zip codes, city or state you want to focus on. That will determine the next step. Outline where you want to be in five years. Put it all in writing. Start working your plan. There are plenty of people around to help you each step of the way. Drop me a line if I can help.

Here is how I do what you are wanting to do . . .

https://www.biggerpockets.com/forums/600/topics/584916-average-cash-flow-per-door-in-phoenix-metro-area