Newbie investor question on what to do with $100K

[Antonia Hyman]

Hi Everyone,

I'm looking for advice as a newbie on what to do with $100K set aside to invest in real estate. What would you do with that money if you were me? A couple of quick things about me for context:

- I'm 30 years old and have paid off all my undergrad and graduate student loan debt. I don't have any other debt.

- My partner and I own our condo in New York. I'm fortunate that he covers the household expenses, so I have minimal expenses.

- I've worked as a corporate attorney for the past four years, but have an interest in doing something entrepreneurial so I would expect my cashflow to decrease in the latter half of the year as I launch my business.

- I've saved ~$125K to provide for at least a year of living expenses and startup costs. This is separate from the $100K I've set aside to invest and separate from my retirement savings. 

- Investing in New York seems prohibitively expensive, so I'm open to investing in other markets.

Any advice is welcome! Thank you very much.