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Updated over 1 year ago on . Most recent reply

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Benji Halpern
4
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2
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How to invest $100k for my first investment property

Benji Halpern
Posted

Hi! I've saved up $100k and am looking to invest the money in real estate. I currently live in Los Angeles and am not so excited to invest nearby because of the high prices and unfavorable laws towards land lords. Additionally, if I were to invest in Southern California, I most likely would not be able to afford anything in a safer community. Thus, I am debating whether to invest out of state or keep saving up.

I have some family in Boise, Idaho and have heard great things about the growing community. I was thinking to invest in a multifamily property, like a duplex or triplex in the $500-600k price range. For those familiar with this market, is this a normal price to expect? I've done some quick searches on Zillow and this seems to be relatively realistic. What are some things I need to know going forward? Thank you all!

Most Popular Reply

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1,039
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Jake Andronico
#4 House Hacking Contributor
  • Realtor
  • Reno, NV
834
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1,039
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Jake Andronico
#4 House Hacking Contributor
  • Realtor
  • Reno, NV
Replied

@Benji Halpern

I know this post is a bit old, but curious what you decided to do. 

You look young - $100K saved is super impressive man!! Congrats. 

Hopefully you found what you were looking for. 

  • Jake Andronico
  • 415-233-1796

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