Military In Need Of Advice

[Earl Jefferson]

Sort of stuck between a rock and a hard place. I'm currently overseas with the military, and when I get back, I want to put my money towards something useful. I have a budget of $30K liquid money for now to use. Currently live in Northern California, I'm limited in knowledge when it comes to wholesaling real estate as well, fees like I just need to see the process done for myself. So I pose this question, when a buyer doesn't have physical money, is there room for me to step in and lend my physical money, and gain a percentage when the house is sold? Or is it a better idea to learn more about wholesaling/flipping, or just manage multiple properties?

[Joe G.]

@Earl Jefferson

Earl,  

  First I don't see your situation as 'between a rock and hard place'.  $30K liquid cash to invest…some would really enjoy your position.  

Second, to help focus you I pose the following questions:

-what return on investment are you targeting?  

-what is your risk tolerance?

-how much involvement with the investment do you want? 

-how much time do you have?  

I believe you are referring to hard money lending or private money lending.  This topic has numerous posts and podcasts about it.  Well worth the listen and read.  The other options you have really depend on how much time you have.  Flipping requires lots of your time while buy and hold, if you use a property manager, requires less of your time.  Are you staying in the military?  

joe