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Updated over 8 years ago on . Most recent reply
100K TO INVEST - WHAT SHOULD I DO WITH IT!!??
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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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