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Updated over 5 years ago on . Most recent reply

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9
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Michael Johnson
1
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9
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How and where can i invest $10000?

Michael Johnson
Posted

I have no experience, will appreciate someone pointing me in the right direction.

Most Popular Reply

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196
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130
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Eric X.
  • Real Estate Agent
  • Naperville, IL
130
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196
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Eric X.
  • Real Estate Agent
  • Naperville, IL
Replied
Originally posted by @Stephen J Davis:

You could probably buy around 5 single-family using hard money loans to conventional. My total out of pocket on the last 20 I bought averaged $18,000. You could also invest passively in two apartment complexes. $50,000 each. Are you a member of a real estate investor club yet? That would be your first step.


Unless my eyes are deceiving me (it does happen from time to time), he has 10,000 not 100,000.  (it is 2:30AM and i stared at it for a sec too)

So best bet would just do a house hack if you can on a cheap duplex and pay 3.5% down. That should get you started.  

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