This is for some of you experienced investors.. Looking back at the start of you're investing careers if you had saved 25-30 thousand dollars to start with knowing what you know now how would you invest it in today's markets?
@Anthony Favoroso that depends in what kind of investing you are looking to do. Are you wanting to buy and hold, wholesale, rehab, buy notes, broker notes, commercial, multifamily. I would first recommend to determine what your investment philosophy is. What is your risk tolerance. Are you looking more for cash flow for today or building long term wealth with properties that may appreciate more (some markets appreciate more than others, obviously. I would never buy based on appreciation though. How do you think I learned that, haha). Do you want to invest locally or are you looking outside your immediate area. What kind of experience do you have? What type of real estate education do you have?
That's a lot of questions I realize. I think it is important to find out where you want to go and why. Then you can figure out high. Another question is (if buying and holding) do you want to pay all cash for a property or are you comfortable leveraging (getting a loan or seller financing). Do you even want to use your own money? If you want a fixed rate of return you can even loan your money.
Where are you located Anthony? Welcome to BP!
If it were my first move, I'd invest it into a multifamily and live there until I have enough equity for my next deal. Wash, Rinse Repeat until married or kids....then you change your strategy.
I agree with @Mike Krieg , assuming you don't currently own your home (well, maybe even if you do). The one thing my husband and I wished we'd done differently was buy a multifamily first, THEN the house for us to live in. Oh well. Depending on the area you plan to buy in, that amount of money may very well be enough to put 5%-10% down for an owner occupied multifamily.
I'm looking for a triplex to buy now for personal housing and cash flow. I wouldn't change too much on what I did in the beginning except invest in my marketing more.
I would do the same as I do today. I would look for the best return on my money. Exactly what that is, will depend on the market and any given particular deal.
I am a big believer in "take what the market gives you"
Ned Carey, Crab Properties LLC | http://baltimorerealestateinvestingblog.com/
I would apply my cash to an investment that attracts the type renters I'm looking for.
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