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Updated over 7 years ago, 03/25/2017
I have 100k to invest what do I do ? And what are the options
@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!
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.
The best option is to send it to me. Another option is to find a $400K apartment deal and put 25% down.
@Anthony Dooley - That was my first response too!! :)
Which option is the fast way making a million dollars ?because that is my ultimate goal
@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.
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)
Originally posted by @Jerryian Francois:
Which option is the fast way making a million dollars ?because that is my ultimate goal
Lottery tickets.
@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!