What would you buy/do with this cash

Question

Let's imagine for a second you had 500k cash, no real bills, not even a mortgage and you lived in a hot west coast market. Where would you focus your investments, what would you try and buy and what investing strategy would you use.

Andrew Hogan · Answer

Many of the strategies on bigger pockets are for people who don't have that chunk of cash. House hacking, BRRRR, flipping, wholesaling, etc. can all be done with a relatively low amount of capital.

But when you put half a million into the equation your options open up, and you also have much more to lose.

High net worth individuals know that they can't do everything themselves and figure out a way to make their capital work for them. One route to not put all your eggs in one basket is to look at different multifamily apartment syndications. After soaking in all the information and educating yourself one could put 50k into a few different sponsors to diversify and see which one they like the most.

Geordy Rostad · Answer

@Marc Luzuriaga

I have a situation sort of like this where I have a sizable HELOC to invest. I am mostly focused on BRRRR to try to build up some rentals. I'm looking in state and seeing things that could BRRRR around here almost every week believe it or not. These deals are hiding closer than you might think. I have found them in Marysville, Des Moines, Sumner, and even Bothell in some cases.

I'm also looking out of state for BRRRR deals.

At first, I was laser-focused on building up a multifamily portfolio but after seeing some of the numbers, I think BRRRR makes way more sense at this stage.