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Updated over 2 years ago, 06/30/2022
How would you invest 100K if you were just getting started
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