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Updated about 4 years ago on . Most recent reply

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Chester Wang
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I have 50k to start, where should I invest

Chester Wang
Posted

I have 50k to invest. Wanna buy multi families and apply brrrr strategy . The 50k will cover 30% down payment ( i am from canada) , closing cost, reno. Just wondering if that's enough. If yes, any place recommended ?

Thanks in advance

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Bill F.
  • Investor
  • Boston, MA
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Bill F.
  • Investor
  • Boston, MA
Replied

@Chester Wang

Four replies so far, three from agents, all touting the area where they sell property as the best...classic. 'To the man with a hammer every problem looks like a nail.'

Based of your question the place where I think your money will get the best ROI is investing in yourself. Get educated on the various types of RE and get exposure to all the different niches. Then figure out which of those niches fits with your long term goals, knowledge, skills, and abilities.

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