I would find a partner with $100k to invest and take down a C+ or B- multifamily property with as many units as I possibly could and split the equity and cashflow 50/50. If you could bring in a third partner with a high net worth (if needed), then you could possibly take down a multifamily project valued around $1.00M, add $250K in value and then refinance out with a loan intended for small balance multifamily projects (like a Freddie Mac Small Balance Loan).
That'd be the most killer situation I can think of with $100k cashola.
@Eric Oszczypala I agree. I have a family too. I am not really considering using the basement or mother-in-law suites as a house hack. I am just looking at Duplex to Quadplexes, but I am most interested in two house on one parcel. Those really get my attention. Those seem to be the best for my location and situation. I do not like the idea of having to share a common area at this point in my life, but I would live in a duplex with my family and rent out the other side, and as soon as year is up be looking for something nicer.
2) What is your end goal of real estate, why are you into real estate?
My end goal is to become financially free, and still choose to work not because i have to but because i want to work.
3) Are you comfortable investing out of state?
Yes, but with someone i can trust locally..
4) Are you ok having that capital locked up for 3-7 years?
yes
I agree that i would partner up with someone, I am attending local meet ups but so far i haven't found anyone to partner up with..
Nice! Long term I feel the same. I am going to start passive until I can replace my income and then move into it full time. I would start in a syndication deal if I were you. Shoot for 70 doors or so with a partner and learn the trade! Aim to be a capital raiser if you can, leverage your network and let someone else be the deal finder!
There are others, but these are a great start. Many times these "talking heads" just back a deal some no-name person found. The deal COULD be good, but there are highly likely better GP's to work with. As a limited partner (as you want to be starting out passive, learning to become active) I would study the hell out of these, learn terminology, learn how to read proforma, know what Q's to ask, etc.
Overtime you will become more confident and know how to have the most intellegent conversation when you are interviewing your potential Syndictors or General Partners (GP's)
Educate yourself on whatever you decide to put the money in. Take your time and be sure you do it right. You need to factor in your risk tolerance, age, ease of creating $100k again if you lose this $100k, etc
@Bobby Shell thank you for the info, will definitely listen to these podcasts..I am actively listening to real estate podcasts on a daily basis, reading/listening to real estate books as education is key in your investment success..