Updated almost 5 years ago on . Most recent reply
If you had $300,000...
This is true for me, and as of the last 2 years I've been working as a Real Estate Agent, and passively learning about Real Estate Investing while doing so. I feel confident that I know enough to get started. So enough learning through books, and time to take action and learn through experience.
A little more about my market, I am within 30 minutes of the downtown Detroit area in Michigan. Real Estate is extremely hot here right now, and just about anything good is gone.
The three routes I'm torn between are: Buy and hold, fix and flip, or BRRRR. (I do have some income coming through as a Real Estate Agent, and I intend to keep pursuing that career as long as I can.)
With all of that being said, what would you do with your first $300,000 if you were in my position?