New Investor with $100k - Where would you start?
I work with investors in the Phoenix market and had a conversation with a new investor the other day. He has $100k liquid set aside for investing and asked my advice on where he should start. He's comfortable waiting until the new year (post-election) or move forward now for the right deal.
I thought it was a great question and worth opening a thread to get some other opinions and input. Knowing how the market is now and where it's trending;
Where would you start and what would your approach be if you were a new investor with $100k set aside for RE investing?
Most Popular Reply
@Tanner Sortillo - I think I would echo some other's comments as well. I would suggest they understand various strategies/methods to invest in real estate and then let that drive their next steps as opposed to the dollar amount they have to invest. So, first question is do they want to be active or passive? If he/she wants to be active, they you have short term, mid-term, and long-term rentals in addition to fix and flips, wholesaling, etc... My suggestion would be to read 1-2 books/articles in each space and then set up conversations with 1-2 investors in each space to truly understand what skill sets, etc... would be needed in each avenue. Good Luck!