How would you invest 100K if you were just getting started

[Aquila Kentish]

Hi everyone, 

I was blessed to have the opportunity to purchase a family property (3-family in Boston) with lots of equity. I'm tapping into the equity in order to continue investing in real estate. I'm a single mom, in the middle of a career shift to accommodate my young child, so for the last 2 months I have no w-2 income, but steady rental income which covers all of my expenses. I'm tapping into $175k of equity $75k will go back into the current property to increase the value and income potential, and I want to figure out the best way to maximize the other $100k. Boston is a very expensive market and therefore my dollars don't go very far here. I'm open to out of city/state investing and I've been looking into South Carolina, Georgia, Alabama and Maryland- the only reason being I have family in those states and I'm familiar with them (with the exception of Maryland) I'm not married to any area at this point. Just wondering if someone with more experience was in my situation, what would you do? I'm mostly looking into long term investing with cash flow potential and I favor small multi family right now. Thanks, Aquila  

[Joshua Janus]

Quote from @Aquila Kentish:

Hi everyone, 

I was blessed to have the opportunity to purchase a family property (3-family in Boston) with lots of equity. I'm tapping into the equity in order to continue investing in real estate. I'm a single mom, in the middle of a career shift to accommodate my young child, so for the last 2 months I have no w-2 income, but steady rental income which covers all of my expenses. I'm tapping into $175k of equity $75k will go back into the current property to increase the value and income potential, and I want to figure out the best way to maximize the other $100k. Boston is a very expensive market and therefore my dollars don't go very far here. I'm open to out of city/state investing and I've been looking into South Carolina, Georgia, Alabama and Maryland- the only reason being I have family in those states and I'm familiar with them (with the exception of Maryland) I'm not married to any area at this point. Just wondering if someone with more experience was in my situation, what would you do? I'm mostly looking into long term investing with cash flow potential and I favor small multi family right now. Thanks, Aquila  

Columbus, Ohio is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. The appreciation rate in Columbus has been 8% higher than the national average over the last year. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.

https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/

Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs.

https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-care

Here are a few more recent investments

https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0

https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus

Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.