What to do with 85k to invest?

[N/A N/A]

What and where is the best place to invest $85k in real estate? Any credence to Utah?

[Account Closed]

Have you found a property yet? Spread your money out.

[Joshua Dorkin]

What are you looking to do with your money? Make a long or short term investment? Do you have any goals? It would be extremly difficult to give you any advice if you don't know what kind of returns you're looking for, and under what time-span.

Figure that out, and let us know. From there, we could start helping you out a bit more. As for Utah, there are great investments there, as well as all other 49 other states. You just have to know what to look for.

Tell us a bit more about your plan.

[Jason Barnett]

Well, here are some ideas to get you thinking:

- Buy a multi unit and rent it out. If you go this route then try to get 5+ units because you will be able to spread out your management costs. Long term cash flow here.

- Buy a single family home and sell it on a "lease option" or "rent to own" contract. This will give you a little cash up front from the option payment as well as monthly income and a big payday 2-3 years from now.

- Flip a single family house with NO MAJOR REPAIRS. It's short term deal, but these can net you some quick cash.

- Commercial properties. These tend to provide better cash flow than residential properties.

- Rehabs. These are probably not a good idea for someone just starting out since it requires you to accurately estimate the cost of repairing a building. That said, these deals can provide good returns.

More than anything you just need to have an eye for value and be able to interperet the numbers. With $85K you can do any of the types of deals that I mentioned above, but you would probably be best off trying to flip a house for your first time out.

[Abraham Cohen]

Leverage.....
Spread the money as thin as you can....
Do you have equity in any properties right now?
Can you use this equity to offset your lack of funds?
85K is not alot of money you know...
If its all you got, you are better of building capital by flipping houses, when you have 500K, start buying to hold using leverage to buy as much as possible.
Do this, you may be a millionaire in >2 years.