I'm new to investing. Have been reading a lot of books. Looking for people who have more experience to give me some advice. I have my house paid off. $50,000 in savings and a line of credit of $125,000. Any advice on how we should move forward on investing?
What do you want to do? long term rentals (less work), Air BnB (more work) or flips (higher risk). How much are houses in your area?
Long term rentals with single family homes or duplexes are a good place to start, but that depends on your goals and costs.
Congrats on getting your house paid off. Very impressive. What are you looking to pursue?
i like they buy and hold rentals for the positive cash flow. The houses are going for $300 to 400k. Just not sure how to get the most out of the money I have saved or how to move forward from here. I have about 65k saved but that’s not going to get me very far in this market. Any ideas in the direction you would go would be helpful
Thank you, it was worth it now I just roll my old mortgage payment into savings for our next investment.
Just looking at some single family home for passive income but any advice you have I’m always will to consider new options.