Real Estate Investor · OAKLAND, CA · Member since 2017 · 24 posts · 30 votes
8y
@Michael Guydish , Depending on which investment type you leaning toward doing.
I assume you're talking about REI. If so, finding a property that allow you can do 10-20% down payment would be a good starter to get your feet wet in the game. Keep in mind of all fees and holding cost related to the transaction.
Investor · Charlotte, NC · Member since 2017 · 791 posts · 479 votes
8y
@Michael Guydish first off it sounds like an awesome problem to have! (my post is based off the assumption of you knowing how to analyze a deal to see if it's a good one or not) The first move is to determine if you want to be hands on and actively managing a deal and the day to day of it or do you want to passively invest in someone else's bigger deal?
If it's option 1 I would recommend looking into a multifamily in a growing or very stable market that you know very well and have access to easily if its not a market in your back yard.
If it's option 2 I would recommend vetting syndicators/sponsors and seeing who is investing in assets that align with you investment goals. Some offer higher risk higher return and some lower risk lower return.
Rental Property Investor · Glen Rock, NJ · Member since 2015 · 3k+ posts · 2k+ votes
8y
@Michael Guydish First of all, I wouldn't publicize how much money you have on a public forum. Second, tt depends whether you'd like to be an active or passive investor. There're options for both routes. Please share your plans/bandwidth for further suggestions.
Specialist · Santa Cruz, CA (Santa Cruz) · Member since 2017 · 31 posts · 10 votes
8y
Thanks everyone for responding. Let me paraphrase and say I do not have 200k in the bank account. It is just a number I would like to start with. I want to see what people would do in real estate with that amount. Thanks again for the responses!
Rental Property Investor · Tampa, FL · Member since 2018 · 251 posts · 124 votes
8y
@Michael Guydish
First I would talk to lenders to get a feel for what products for my strategy.
Then I would buy a value-add multifamily property for cash, then rehab it, get tenants at market rent, then refinance most of my money out, and do it again.
Thanks everyone for responding. Let me paraphrase and say I do not have 200k in the bank account. It is just a number I would like to start with. I want to see what people would do in real estate with that amount. Thanks again for the responses!
Really?! You come onto BP with a handful of posts and throw out a hypothetical?