New to the game, but have a nest egg to invest

[Jason Guyton]

I'm almost 50 and just woke up to the power of REI. Kicking myself for not learning about this 30 years ago. But here I am, and I have a decent pile of cash ($120K) and a pretty good 401K. So I'm in a great position to jump in on a few deals and get my money working for me. I just read Rich Dad Poor Dad, and it has me pumped up.

The deals are hard to come by in Southern California, at least from what my scant knowledge of the topic has shown me so far. So, I'm just looking for some good advice on the best approach for my first deal. I'm open to a flip, BRRR, or straight buy and hold. Single fam, duplex, triplex? Local, out of state? One big deal, or multiple small deals? I'm open to whatever.

Any advice is appreciated.  Thank you.