Investment questions and concerns
1 Reply
Alex F chang
posted about 1 year ago
Hello BP community,
I have about $110k available for investment purposes; I am a real estate agent from Arizona, I just started this year and haven't made any attractive income yet (1 rental and 1 buyer deal currently); I also have access to around $100k in cash from investors.
Ideally, I want to help my self out first by solving my situation. I have thought about house hacking, BRRRR, or buying an apartment all cash where I can at least divorce myself first from debt (I currently live with my brother and pay no rent). As far as i'm concerned, my options are pretty limited since I have no income. (I can also get co-sginature)
I have been looking at deals for at least a 10% conservative COC return (not counting appreciation and deductibles) or if house hacking to at least cover all expenses. My searches have included multi-families, sfh, and condos.
My biggest struggles are finding deals and/ or making current market numbers work. If this was your money, how would you spend it?
Any advice, suggestions, comments, and opinions are welcomed.
Thanks,
Alex.
Jim Pellerin
Specialist from Ottawa, Ontario
replied about 1 year ago
@Alex F chang Sounds like you need cash. This means focusing on short term strategies like fix and flips or wholesaling.