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Updated over 1 year ago on . Most recent reply

User Stats

1
Posts
6
Votes
Nikita Douglass
6
Votes |
1
Posts

New Investor with $100k cash to invest -

Nikita Douglass
Posted

Hello everyone,

I am currently residing in the Bay Area and interested in starting my real estate investment journey. However, due to the high costs associated with local real estate, I am exploring options outside of the Bay Area. Despite having a steady 9-5 job, I am eager to invest in a property that can generate cash flow while still maintaining my 9-5 employment.

While I do have family in Oregon and Washington, I am open to investing in other areas if it makes financial sense. With the current state of the economy, I am uncertain about where to look for a property and what investment strategy to employ.

Please feel free to respond to this post or reach out to me directly if you have any insights or recommendations.

Thank you,

Nikita

Most Popular Reply

User Stats

150
Posts
80
Votes
Dennis Nguyen
  • Real Estate Agent
  • Seattle, WA
80
Votes |
150
Posts
Dennis Nguyen
  • Real Estate Agent
  • Seattle, WA
Replied

100K is a good amount to invest. At this point you could either invest out of state in the mid-west or house-hack where you live. Househacking could work because you can use a low down payment option 3.5%-5% down and rent out the extra bedrooms. For HCOL areas like the Bay or Seattle that's how you'll be able to cash flow is with house-hacking. 

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