What would you do if you have 200k in hand.

[Colin Kamesh Raja]

Hello Everyone,

This is Colin, i own a e-commerce business, which is a really good passive income that can replace my regular income. i want to take a loan on my company name, which readily available for 150k +  at 7.8% interest ( we would have to pay 13k month to repay this loan). So i would like to invest these funds in real-estate. 

What would you recommend? 

1. Buy multiple B / A - type rental properties out of state ( out of NYC)  using turnkey providers with an investment of 20% in each property and get an 80% loan from the bank.(4- 5 property asap)

2. Buy multiple B / A - type rental properties out of state ( out of NYC) with the BRRRR strategy.

3. Invest into multiple unit apartments with the 20- 30% down.

4. Buy property in New York (since i live in New York) and apply the BRRRR Strategy.

Thanks for your recommendation on this matter. i appreciate all. 

Many Thanks!
Colin

[Joe Villeneuve]

Originally posted by @Colin Kamesh Raja:

@Joe Villeneuve That's exactly, what i'm trying to do and i even want to put the money in solo 401k and use the money as investment. 

I see your in Michigan, do you recommend any states where we can hold the property for rental (owner market )

Michigan. I work with Out of State Buyers all the time. The Equity Buyin is very popular here. It allows for high cash flow, the OSI doesn't need to do any rehab or tenant placement, and the seller stays on as the managing Member in the LLC, so they have a vested interest in the quality of the investment.