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Updated about 1 year ago on . Most recent reply

User Stats

23
Posts
11
Votes
Dielita McKnight
  • Investor
  • Richmond, Va
11
Votes |
23
Posts

New to real estate investing, with $100k to start. Any advice?

Dielita McKnight
  • Investor
  • Richmond, Va
Posted

Hello. I am brand new to real estate investing. I have funded a corporation from my 401k using the ROBS process (Rollover as Business Start-up). I am starting with $100,000 to invest in my first deal. Because my company has to be an active company (ROBS restrictions), I have to start out fixing and flipping, versus buying and holding. 


Any advice would be greatly appreciated. I am super conscious that I am using my retirement for this venture. I want to make the right first moves. I am currently getting my real estate license to get educated in this area. 

What should I do first?

  • Dielita McKnight
  • Most Popular Reply

    User Stats

    23
    Posts
    11
    Votes
    Dielita McKnight
    • Investor
    • Richmond, Va
    11
    Votes |
    23
    Posts
    Dielita McKnight
    • Investor
    • Richmond, Va
    Replied

    Hi @Jason Allen. I am definitely planning to invest out of state. But because I am just starting out, I think it makes sense for me to stay local. First I would want to establish a network and have eyes on the ground that I can trust. 

  • Dielita McKnight
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