I have more money now, what to do?

Question

To make long story short. I brought my first 3 family in 2023 after taking a course on how to do it. In 2025 in January, my house caught fire and it a total lost. . Insurance paid me out, what path I should consider to maximize? I was thinking buying a commercial building with 5 or more units. My other options are buying multiple multifamily family ( residential not commercial). I also want to dig into fix and flip and considering short term rentals or insurance for displace individuals or family. Any ideas will be appreciated. I am looking to do this in connecticut.

Account Closed · Answer

You can try a software from a company called rentcast in USA to search for the residential properties that could fully align with your requirements to invest. if you subscribe for pro plan which costs you only $12 per month and i illustrated the full details of the subscription plan by the image below. If you're interested you can get registered for the subscription through my referral link here:- https://rentcast.io?via=anjan-chakravarthy1111%2Fapp&via...

Only if you subscribe for the pro plan through my referral link I will give you the code for 20% discount for your very first successful subscription

Gregory Schwartz · Answer

@Caleb Brown has great advice. "I would do another 2-4 unit since you have experience with that."

Let’s be real—pretty sure that advice came straight from the '90s icons, TLC:

"Don't go chasing waterfalls. Please stick to the rivers and the lakes that you're used to."

What I’ve learned—from experience and from my mentors—is that you usually make more money by sticking to what you know. Chasing the next hot trend, even if it feels adjacent to your current area of expertise, can easily backfire.

Master your lane. That’s where the real money is.

Caleb Brown · Answer

I would do another 2-4 unit since you have experience with that. If you can buy a couple then do so. Fix and flip is a good strategy but more moving parts so I would establish a team and take time to understand it. Either way 300K gives you many options so pick one that you like/suits you and focus on it

Caleb Brown · Answer

Just network. Interview and find the right pieces. GC is the biggest piece. I would have a couple in your pocket for projects. Find a solid agent for the flip side who can also get you comps and sell the place once it's done. I would also reach out to some hard money lenders, they can help you scale faster. Be careful though, don't take too much on at a time especially when you are learning the fix & flip game

Thank you i appreciate it

Samuel Eddinger · Answer

@Gabriel Akinyemi - I fix and flip in CT. I'd be happy to have a conversation to give you some guidance. If interested, DM me.

Micah White · Answer

Sorry to hear that about your property. But you've come to the right place, Gabriel. Honestly, given that the CT market is pretty tight, i'd be curious to hear how much cash you have to put towards your next investment. That would help me come up with a better fit solution for you.

James McGovern · Answer

If you need a GC in Waterbury, I can recommend two who I have used frequently

James McGovern · Answer

@Gabriel Akinyemi no. They are headquartered there but will travel throughout the state

I have more money now, what to do?

I have more money now, what to do?

Most Popular Reply

13 Replies