Inherited $150k..... NOW what??
A friend of mine recently gave me a call a few days ago seeking advice. He recently inherited $150k and wanted to start investing in real estate. Naturally, I told him to first go learn anything and everything he could about real estate, then we could talk. He has a stable W-2 job producing 100k/year and an additional savings of 50k. Obviously, I have my own bias advice as to what I would do with it but I thought I would throw it out there to see what kind of strategies others might have.
SO... if you were given $150k, what would you do? Looking for a DEEP DIVE. Obviously, basic strategies like house hacking, BRRRRs, Flips,and 1% rentals are all great but how much would you leverage? Would you go one flip at a time and buy all in cash? Would you finance... how much? Would you do SFRs or multi-family. Considering Nashville and the surrounding markets as the point of entry.
**Always happy to hear from investors that have their money in the stock market as well!**