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Updated over 8 years ago on . Most recent reply

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John P.
  • Los Angeles, CA
1
Votes |
2
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100K TO INVEST - WHAT SHOULD I DO WITH IT!!??

John P.
  • Los Angeles, CA
Posted

Would love to get some feedback / brain storming on the best way to break into the RE INVESTMENT game. 

About Me:

I work in CRE Brokerage in Los Angeles, and representing tenants in the office leasing market is my focus. The market is hot and I have done well, saving 100K in a two year time span.

I rent a OK apartment in a great area, at a great price per the rental market, and its in a rent controlled building, but as you all know, renting sucks because I am still dumping 18K a year into rent w/ zero tax benefit, equity build up etc. 

I'd love to buy a house or condo, but the market in LA is crazy expensive.

So I think its best to start investing. 

Goals:

I want to own a fat portfolio of income properties in my life. 

Problem:

That being said, i can't decide which asset class to invest in.

Should i look for college rentals, vacation/ air bnb's?

Duplex's, triplex's, quads or more?

Should i go at it alone? or in a partnership?

Should I attempt a few fixer deals and grow my savings before looking for buy n holds?

Anyway, what would you do with a 100K?

Most Popular Reply

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Rosston Smith
  • Investor
  • Warner Robins, GA
463
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1,515
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Rosston Smith
  • Investor
  • Warner Robins, GA
Replied

I recommend you take 50k and use it to leverage multifamily. Keep 50k in reserve until you're comfortable to purchase another property.

Key is LEVERAGE

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