Investor · Lufkin - College Station Tx · Member since 2016 · 18 posts · 6 votes
Hello my name is Ethan, I am 25 years old from Lufkin Tx and am looking for my first investment property. I have listened to at least half of the BP podcasts so far and have read Rich Dad Poor Dad, The Book On Managing Rental Properties, and a few others in preparation for my first real investment. I have saved $20,000 so far and I would like to invest it wisely. My wife and I are expecting our first child in February and would love to have some cash flow outside of our daily jobs. What is the best investment? Personally I have been interested in buy&hold property but I am open to suggestions. I am looking forward to learning as much as possible from the BP Forum.
Investor · Lufkin - College Station Tx · Member since 2016 · 18 posts · 6 votes
10y
Thanks Lawrence! The reason I say I am looking in the Lufkin area is because that's the only market that I really know and have connections to. But if the numbers are right I would consider investing elsewhere.
Rental Property Investor · Allentown, PA · Member since 2016 · 279 posts · 105 votes
10y
Welcome to BP Ethan.
I have been looking at mostly occupied buy and holds in NE PA. It seems if you can find the right deals, flipping may be able to get you larger returns in the shorter term.
The "best" investment is the one that fulfills the needs of you and your soon-to-be expanding family!
I am a student at SFA and am looking into getting my first property soon. Is there a certain niche you would like to get into? Are you wanting a property that is move-in ready?