New to Real Estate- 30k saved cash- don't know what to do with it
1 Reply
Geesh Francois
posted about 1 year ago
Hello everyone. I'm new to real estate investing. I have my Realtor license and I'm not too excited about selling. I have about $30,000 saved in my bank account and I'm looking to get involved in real estate investing. Any ideas or tips to get started? Thanks for all your input and suggestions in advance!
Brian Garrett
Real Estate Investor from Palm Beach County, FL
replied about 1 year ago
Put it in a high yield savings account earning around 1.75%+ interest with zero risk while you learn all you can.
Then use your $30k once you've educated yourself and picked out a strategy that aligns with your interests/goals.
Also make sure you are very cautious of people reaching out to you with "deals" and "opportunities" now that you announced having $30k cash on a public forum as there will be people who would love to spend (not invest) it.