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Updated almost 15 years ago,
50K to invest
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?