New to Real Estate: How should I invest $50,000

[Chris Maxey]

Hi,

My first experience with Real Estate was a few years ago. I purchased a foreclosed home for $99,000 in 2011. The bank had already laid new carpet and applied new paint. I invested no money in refurbishing it. I lived in it until 2015 and then was able to sell it for $120,000 as the market began to pick up. I then took that money and started a business in another state. 

I hoped that the worth of that house would increase but I really I no idea. Obviously I was excited that it did and it gave me more of an interest in real estate.

I am now about to sell my company in early 2017. My share in that company after taxes, etc will probably be $50,000. I am interested in learning different strategies on how I can invest my $50,000 in real estate. I know there are a plethora of opportunities but I'd appreciate info from those that are currently investing. 

To give you an idea the median house sales price is $195,000 with the average price per square foot at $114. 

The area is growing and houses are being snatched up hours after they hit the market. Prices are up 10% since this time last year.

Thanks,

Chris