Where to invest my money

[Joe Matthews]

Experienced Investors!!!!

I will have about $50,000 saved up by January and I am anxious and ambitious to get started. I am open to start my Real Estate investment career anywhere in the country utilizing whatever means of financing I need.

I am blank canvas with $50,000 saved up going into 2022. I am 33 and live in Central Florida. What advice can an experienced investor give me to make the best use of my $50,000. My goals are ultimately to create and manage a portfolio with multiple goals properties, the skies the limit. I am open to single family and/or multi family properties.

Thank you for any advice!!

[Darius Ogloza]

If you do not own a home, I would recommend you use the funds as a down payment on a light fixer which can serve as your principal residence for at least 2-3 years.  As you slowly fix the property, you will learn hundreds of lessons about residential real estate - finance, troubleshooting systems, the cost of labor and materials, and if you are fortunate enough to live in an appreciating market you will forgo paying capital gains tax on your exit.