Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here
Innovative Strategies

User Stats

22
Posts
6
Votes
Jake Diamond
  • Rental Property Investor
  • Utica, NY
6
Votes |
22
Posts

Looking for the best options to invest my cash

Jake Diamond
  • Rental Property Investor
  • Utica, NY
Posted Jul 23 2019, 13:08

I have 20k to invest. The bank is making it hard to get another loan due to high down payments and bogus requirements... what’s the best way to invest this money?

User Stats

105
Posts
24
Votes
Adekunle Ilori
  • Colton, CA
24
Votes |
105
Posts
Adekunle Ilori
  • Colton, CA
Replied Jul 23 2019, 13:14

Hello Jake, have you think of partnering with an experienced investor or investors to get a deal ?

User Stats

22
Posts
6
Votes
Jake Diamond
  • Rental Property Investor
  • Utica, NY
6
Votes |
22
Posts
Jake Diamond
  • Rental Property Investor
  • Utica, NY
Replied Aug 3 2019, 08:52

@Adekunle Ilori I would love to. My problem is finding the right partner.

BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

User Stats

177
Posts
153
Votes
Michael Garofalo
  • Rental Property Investor
  • Washington, DC
153
Votes |
177
Posts
Michael Garofalo
  • Rental Property Investor
  • Washington, DC
Replied Aug 3 2019, 09:14

@Jake Diamond while you are trying to decide definitely keep it in a high-yielding interest account, there are many that offer 2% with no minimum balance or monthly fees. 

I would advise against partnering unless it's someone you truly trust and know has a good track record. If the bank you are working with is making things difficult, why not shop around for a different one that is more flexible? Local banks that keep notes in house are often the best to deal with. Big banks have too much red tape, I wouldn't recommend going through them for anything investment-related but just my two cents. 

User Stats

112
Posts
63
Votes
Eddie Brady
Pro Member
  • Realtor
  • Frederick, MD
63
Votes |
112
Posts
Eddie Brady
Pro Member
  • Realtor
  • Frederick, MD
Replied Aug 3 2019, 09:26

You could:

  • -Lend it to another investor as private money
  • -Invest in Fundrise.com properties (I have not done this myself so can't review it)
  • -Go to your local REIA meetings and find reputable partners to go in on a deal with

Just a few options!

      Showcase Real Estate, LLC Logo

      User Stats

      68
      Posts
      235
      Votes
      Elijah Brown
      • Rental Property Investor
      • Phoenix, AZ
      235
      Votes |
      68
      Posts
      Elijah Brown
      • Rental Property Investor
      • Phoenix, AZ
      Replied Aug 3 2019, 09:36

      @Jake Diamond Hi Jake, I’m looking for investors. Feel free to PM me if you’d like to discuss.

      User Stats

      16
      Posts
      6
      Votes
      Josh Sullivan
      • Rental Property Investor
      • Charlotte, NC
      6
      Votes |
      16
      Posts
      Josh Sullivan
      • Rental Property Investor
      • Charlotte, NC
      Replied Aug 5 2019, 15:30

      Hi Jake! There are lots of opportunities to invest that $20k you have. Like E Brady said, Real Estate Crowdfunding platforms are a great way to get into high quality assets with as little as $500 down. 

      Make sure that you do your research about the platforms and ensure that they have deals that meet you investment criteria. At Cashflowinvestor.co we aim to offer our investment community returns of 8%+ cash on cash return with an IRR of 15% with a minimum investment of $25K.

      There are many great online syndication platforms that offer high quality assets and allow you to invest passively and is one of many avenues available.

      Hope that helps.

      Good Luck!

      User Stats

      722
      Posts
      386
      Votes
      John Corey
      • London
      386
      Votes |
      722
      Posts
      John Corey
      • London
      Replied Aug 6 2019, 06:32
      Originally posted by @Josh Sullivan:

      There are many great online syndication platforms that offer high quality assets and allow you to invest passively and is one of many avenues available.

      Good Luck!

      Any specific platforms you suggest people take a look at? 

      User Stats

      16
      Posts
      6
      Votes
      Josh Sullivan
      • Rental Property Investor
      • Charlotte, NC
      6
      Votes |
      16
      Posts
      Josh Sullivan
      • Rental Property Investor
      • Charlotte, NC
      Replied Aug 6 2019, 15:51

      There are plenty of great companies that are out there but I will take this opportunity to plug ours. 

      We have a platform called CashFlowInvestor.co and we are partnering with a company called Holdfolio to find and fund projects. If you have any questions about what we are doing we would love to talk to you about it.

      Outside of these here's a list of other high quality sites that offer investors an opportunity to partner on syndications:

      • Fundrise
      • stREITwise
      • Roofstock
      • RealtyMogul
      • PeerStreet
      • EquityMultiple
      • Patch of Land
      • Rich Uncles

      Hope that helps

      User Stats

      10
      Posts
      5
      Votes
      Nikki A.
      • Specialist
      • Columbus, OH
      5
      Votes |
      10
      Posts
      Nikki A.
      • Specialist
      • Columbus, OH
      Replied Aug 6 2019, 17:57

      @Jake Diamond you could put 20% down payment for a $100k conventional loan. Have you considered turnkey properties in B+ markets?

      Good luck!

      Nikki

      User Stats

      22
      Posts
      6
      Votes
      Jake Diamond
      • Rental Property Investor
      • Utica, NY
      6
      Votes |
      22
      Posts
      Jake Diamond
      • Rental Property Investor
      • Utica, NY
      Replied Oct 7 2019, 17:35

      @Nikki Albert tried that banks want 6 months of reserves and plus almost 10k in closing cost...