50K to invest

[Chris Hamrick]

Hey everyone. It's been a while since I've posted. But I have gotten 50K using OPM to invest. I can't get financing so I was trying to figure out what to invest in.

I'm excited while at the same time nervous because I don't want to blow it. I've done so much research and now I'm just ready to do something.

I found a brick front townhome for 40K. It's an REO, and the rents in the area go from anywhere from $850 - $950. I was thinking about buying it cash and renting it or seller financing it. While taking the remaining money and doing some creative deals like sandwich lease options, or just locking up some deals and assigning it off.

What do you guys think of that plan? Any other suggestions?

[Des Shei]

realize that in this market environment. Cash is very valuable and can be leveraged to get some really good deals. To tie that money up on a cash purchase for your personal residence or rental property would restrict your options and ability to be more productive in the near future. Based on what you've described, it seems like 50K can go a long way in your local R.E market. i'd suggest you use that to your advantage. Remember the money is made when you BUY, i understand you are nervous but if you have CASH to purchase and the numbers work; DO IT. Once you've built enough cash reserves then you may afford the luxury of tying up cash for extended periods of time if needed. Hope that helps. Happy investing.
Desmond,
Kamere Realty Group,LLC