What would some of you investors do with 70-80k cash
Maybe join with some other like minded folks who have amassed some cash and do some value add investing for short term but high gains and keep going as you increase your cash
Jay Hinrichs, TurnKey-Reviews.com | Podcast Guest on Show #222
@Joseph Tarallo Hey Joseph, it really depends on your goals. Do you want to dive into RE dealmaking, or do you just want to earn passive income backed by real estate? Do you want to invest close to home (preferred by most), or are you open to other markets that may give you greater return, perhaps with a little more risk? Given your profile and your cash position, commercial multi-family could be a great place to start in a few markets provided you're prepared to manage or have a property managed well. You may have to look beyond Middlesex County to find what you're looking for at your entry point.
The other great advantage to having 70K to start is that, in most growing markets, you could do a lot working through your local smaller banks. Many of them would assist you in establishing a relationship with credit terms, access to bulk properties or non-performing notes in need of purchase at discounted rates.
All the best to you; I look forward to hearing what you do!
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