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Brand new investor!!! Where do I put $100k?!? HELP!!
Hi everyone!
I’m a brand new investor, no deals, don’t even own my own home yet, just starting my journey via books, podcasts, forums, YouTube etc…
Here’s my dilemma: I have a little over 100k saved. However, my wife got laid off start of the pandemic and I started independent contractor work, but no 2 years of tax returns for a conventional loan. My problem is too many choices!
Do I:
a) buy a 3/2 here where I live (Chico CA) with a portfolio loan and 20% down and save again for another?
B) buy a duplex or similar and house hack?
C) try and acquire multiple properties in cheaper markets just as buy and holds?
D) BRRRR in my area?
Now I start listening to info on syndications?!?! Cmon! Somebody gimme a hand here! I’m flailing! 🙏🏻😅