How Would You Invest?

[Adam Gonzalez]

Hey everyone! Newbie here and just looking for ideas from the community. If you were a beginner, had $30K, and lived in lower NY, how would you invest that money in real estate and why? All ideas are welcome :). 

[Tim Johnson]

Hi Adam... great position to be in!  Here's what I would do....

Join a local REI group (meet-up, Facebook, etc.) and start to network locally. Learn all you can here on BP about investing out of state. Start to develop your own plan (where and what?), criteria, budget, risk factors, etc.

Find a great REI-savvy lender and get your money plans in order (crucial if you actually want to be ready at any moment to move on a good deal.)

Continue to live frugally and save like crazy. Add to that $30K stash (there's no correct amount that's needed and nothing to keep you from moving ahead with that amount today.... but it's always easier with some buffer right?)

Find a partner - if not for actually investing... then maybe as a friend who can listen to your plans - and then hold you accountable for moving ahead on them. 

Why would I do these things? From my limited experience - they work. And REI continues to be a great route to financial freedom. Good luck!