Where to start with 50k

[Doug Proctor]

I live in the West Palm Beach, FL area. I have 50k cash to invest and I'm very interested in real estate, My credit isn't that great but I'm still young. Do I have enough cash to get a good start?

[David Alexander]

Keep most of the 50k in your pocket till you know more.... (don't bury Cash into real estate until you understand your plan and who you are)

Spend some time on several forums... youtube, and at amazon...

Books to start off with...

Any Real Estate books by Wade Cook... they are very fundamental in nature...

Creating Wealth by Robert Allen..

Also, several friends of mine have some great books...

Bronchick on flipping real estate, Mike Butler on Landlording... (although I don't think landlording is a great place for beginners to start, Mike is great at systems and preaches it like I do)

Wendy Patton has one on Lease Options and Sub2's...

Brilliant deductions is a must read, and so is Inc. and grow rich....

Richest man in babylon.. and rich dad poor dad and the cash flow quadrant..

You'll likely get info overload when starting.. depending on your passion...

Pay attention to the fundamentals and don't get caught up in the technical..

Once you've done that.... then start looking to invest...

Their are basically two paths to investing....

The start is learning and from there you'll need to know your personality...

You can either build investments.. or create a business that builds investments...

Personally I believe the second path is the fastest way to wealth....

The first way... means you invest part or all of the 50k into "an investment" and when the investment pays out you take the proceeds.. and reinvest...

The second way... you learn to buy and sell to create profits.. and build a business... usually doing deal that are virtually no money down in nature...

Then take the profits and reinvest.. so, you are building a machine that is the investment...

In the second scenario you learn business and learn to invest in marketing.. to start and then other people as time goes...