What would you do with 50k?
Hey All, I have $50k currently at the moment, and will have an additional $65k by January. ($115k if I decide not to spend that $50k right now) I would like to turn into passive income from buy and holds or possibly throw it into a property, rehab, and flip it for more capital.
I'm still trying to land my first deal, I think the nerves hold me back, I'm 22 at the moment and just wanna get my feet wet already. Should i use the 50k and put 25% down on a property and rent it out for cash flow? Or maybe 5% down for my first property?
I'm wondering how YOU guys would use that 50k or 115k to get started in earning passive income. I would love to hear all your strategies and tips!
Thanks!