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Updated about 1 year ago on . Most recent reply
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Have 100k to invest, what do I do with it
Hey all, I'm 25 years old and have been saving up for the past few years. I have about 100k that I want to invest but not sure where the best place to start is. I'm also in the beginning learning stages. My long term goal is to have a retirement fund and some positive cash flow to supplement my career in the education field.
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Quote from @Abby Miller:
Hey all, I'm 25 years old and have been saving up for the past few years. I have about 100k that I want to invest but not sure where the best place to start is. I'm also in the beginning learning stages. My long term goal is to have a retirement fund and some positive cash flow to supplement my career in the education field.
Using that 100k for a 75k DP on a 300k property, 8k for closing costs, and having the 15-20k in reserves for emergency repairs is a good place to start. Assuming you are using a conventional loan for a SMF property, Cincinnati has properties like that, sometimes as low as 200k. But will likely see closer to mid 200's for anything that is in a good area / cash flowing. Let me know if there is anyway I can help
- Sam McCormack