What would you do with $100,000??
Thanks to everyone in advance for your responses.
Here is my situation:
-I have approximately $100,000 to invest in real estate and I want to get as much cash flow as possible.
-My credit score is about 650
-I currently own 5 houses. 2 houses are on the West side of Cleveland "war zones" cash flows about $500 total), 2 are in nice neighborhoods in Maryland (1 generating $500 cash flow, the other, $0) and 1 is in West Virginia $400 cash flow).
-I'm trying to figure out where to invest and how to buy. Maryland is a really good market but the house prices are HIGH in good areas. Cleveland has decent cash flow but in a "war zone". West Virginia is no good..
-Would you buy a few "war zone" houses, try to get a loan for something in Maryland that has a chance of appreciation, duplex somewhere?
Not sure what I should do. This is an extraordinary amount of money to me and I need to invest it wisely.
Please help!
Thanks,
John
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Most Popular Reply
Put it in the bank and learn to buy creatively with no money down.