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Updated over 2 years ago on . Most recent reply

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Douglas Hardman
  • Cleveland, OH
7
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Starting fresh to build a portfolio.

Douglas Hardman
  • Cleveland, OH
Posted

I recently inherited a decent sum of money. I could let it sit in an investment account and get me 12% a year, but I'm thinking longer term. Was considering taking $150K of it and buying a few rental properties. I've seen a bazillion youtube shorts and fb reels about real estate investing and it was something I looked into years ago but never pulled the trigger on.

I see BiggerPockets offers a "bootcamp" but was wondering which one to go through to get the basics before I pull the trigger. There are also 1,000 people that have similar courses but picking the right one seems daunting. Is there any advice from you all about where I should start?

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8,153
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Basit Siddiqi
  • Accountant
  • New York, NY
3,696
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

12% is a great return

I personally think real estate is a bit risky for new investors given the high interest rate + high purchase price. 
I would hold off until prices come down or the interest rate drops.

With that said - I would continue to invest whatever you are doing and make that 12%

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Basit Siddiqi CPA
4.9 stars
79 Reviews

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