100K, good credit, what would you do?

[David Sweatman]

Greetings BP Community!

I'm a real estate broker living in Raleigh, NC, and I'm looking for my next real estate investment.  

I have some experience flipping, 3 flips with cash over the last 3 years, netting 20%-25% (before tax) on each.  All three have been out of town foreclosures, but within NC.  Reason being, the market in the Raleigh area is so hot, and there's so much competition with flips and foreclosures.  Most foreclosures here seem to get bid up to and over the market value, without room for repairs, making it impossible to outbid, repair, and flip.  I'm told that most of the local flippers are using a buy and hold strategy now.

Anyway, my situation right now is I have $100,000 to invest, I have good credit, and I'm a real estate broker.  What investment would you make in my situation?

[Alex Hamilton]

David, being a real estate broker, $100K liquid with good credit, I would partner with Uncle Sam.  Yes! the United States of America.  There is a housing crisis in the United States, when it comes to low and moderate income elderly, Veterans and other special need individuals and families.  Set up a local community housing development organization in partnership with an existing organization to get started.  Then use a public facilities Bond Program Project that can be managed with public funds which you seed and manage.  this is a suggestion that,  would result in an excellent future for you both personally and financially.