Best use of cash for a newbie

[Graham Allen]

Hey everyone! I am new here and have been trying to figure out the best way for me to get into the real estate investing.

I am in the DFW area and came in to about ~300k after taxes. Just wanting to come up with the most efficient way to utilize it and thought you all would have some good advice here. Not looking to go full time into real estate at this point, just wanting to build up my portfolio and cash flow.

Thanks in advance!

Graham

[Brad Hammond]

Hey @Graham Allen. The simplest thing you could do would be to invest in syndications. That will get your feet wet in real estate investing and mitigating your risk. I would recommend only investing $50k-$75 in a fund to start off with. After 6 months or so you can regroup and see if that is for you. However, the best returns are going to be with value add buy & hold properties. These could be a BRRRR project or just a small cosmetic fix on a multifamily property. Also, multi-family usually have better returns than single-family.