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Updated over 7 years ago, 03/25/2017

User Stats

61
Posts
33
Votes
Jerryian Francois
Pro Member
  • Investor
  • Miami, FL
33
Votes |
61
Posts

User Stats

940
Posts
694
Votes
Elizabeth Wilson
  • Real Estate Investor
  • Memphis, TN
694
Votes |
940
Posts
Elizabeth Wilson
  • Real Estate Investor
  • Memphis, TN
Replied

@Jerryian Francois - What do you want to do with it? Do you want rentals? Do you want to be a hard money lender? Do you want to be part of a syndication deal? Do you know what asset class you want to work with? There lots of options in REI! and 100k is a great start! Personally, I'd join your local REIA group and start networking and learning what is going on in your market (if you want to be an active investor). Otherwise look for a turnkey provider in an area you want to invest. I shamelessly recommend Memphis, but I'm obviously a bit biased! :)

Best of luck! 

User Stats

138
Posts
71
Votes
Pearce G.
  • Investor
  • Hendersonville, NC
71
Votes |
138
Posts
Pearce G.
  • Investor
  • Hendersonville, NC
Replied

First, don't quit your job.

Second, read, listen to podcasts, read forum posts, learn as much as you can.

Now, figure out your goals and what you're good at.  Do you want to buy & hold for long-term passive income and wealth-building?  Or do you see yourself rehabbing and flipping houses?  Is RE a hobby that you want to do on the side for a little extra income?  Or do you see yourself in real estate full time?

You probably can't answer these questions until you've spent some time on the second step, but they are some good questions to keep in mind while you learn.

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User Stats

2,285
Posts
1,994
Votes
Anthony Dooley
  • Investor
  • Columbus, GA
1,994
Votes |
2,285
Posts
Anthony Dooley
  • Investor
  • Columbus, GA
Replied

The best option is to send it to me. Another option is to find a $400K apartment deal and put 25% down.

User Stats

940
Posts
694
Votes
Elizabeth Wilson
  • Real Estate Investor
  • Memphis, TN
694
Votes |
940
Posts
Elizabeth Wilson
  • Real Estate Investor
  • Memphis, TN
Replied

@Anthony Dooley - That was my first response too!! :)

User Stats

61
Posts
33
Votes
Jerryian Francois
Pro Member
  • Investor
  • Miami, FL
33
Votes |
61
Posts
Jerryian Francois
Pro Member
  • Investor
  • Miami, FL
Replied

Which option is the fast way making a million dollars ?because that is my ultimate goal

User Stats

3,825
Posts
967
Votes
Larry Fried
  • Investor/RE Broker
  • Eugene, OR
967
Votes |
3,825
Posts
Larry Fried
  • Investor/RE Broker
  • Eugene, OR
Replied

@Jerryian Francois Looking for the fastest way to a $1 million, may be the fastest way for you to lose it all. ie: you are going to be taking a huge risk. You need to be cautious, do your homework, create a plan, and then execute as you continue on your learning curve. Don't expect miracles and don't expect REI is a get rich quick system.

User Stats

504
Posts
191
Votes
Arpan Patel
  • Investor
  • Chicago, IL
191
Votes |
504
Posts
Arpan Patel
  • Investor
  • Chicago, IL
Replied

Agreed with the others. This isn't a get rich quick gimmick. It is a get rich slow scheme. There are many options but what has naturally caught your attention after being on this site for a min? podcasts are great so if you haven't checked them out already, start there and then just follow what appeals to you most (generally)

User Stats

34
Posts
7
Votes
Vu T.
  • Investor
  • Fountain Valley, CA
7
Votes |
34
Posts
Vu T.
  • Investor
  • Fountain Valley, CA
Replied
Originally posted by @Jerryian Francois:

Which option is the fast way making a million dollars ?because that is my ultimate goal

 Lottery tickets.

User Stats

51
Posts
11
Votes
Emre Görü
  • Investor
  • Palm Desert, CA
11
Votes |
51
Posts
Emre Görü
  • Investor
  • Palm Desert, CA
Replied

@Jerryian Francois  choose a niche & strategy. Prepare a solid BUSINESS PLAN with your goals and stick to your business plan. Business plan you prepared will make sure that you are on the right track.

At the same time study as much as you can to learn the mistakes of others. Listen podcasts, read books, read forum posts&blogs, take notes on keypoints etc. But at the right time, you have to take action to really learn the business. And don't ever think it'll be easy.

Good luck!