@Nathan Patterson I invest in 1st position notes. The reason I invest in them is: 1. Flexibility to invest in any major market 2. First position on property with 40-60% equity in the property. 3. You are the bank. Don’t have to deal with tenants, toilets or termites as the bank. 4. Velocity of money. Be in and out of a deal within 24 months and do not have to pay realtor/broker fees. 5. Returns. Cannot advertise or promise returns So send PM to learn more. 6. Multiple exit strategies In my market (DC), too many investors fighting over properties which have driven up prices. With notes there is competition but plenty of product out there. Prices have increased substantially but still product to work and make money on

Could you give more information on your current living situation and REI knowledge base? My recommendation for you is to: Save your money and educate your self before you do anything. Learn the different niches of REI and which one is right for you. (Buy and hold, flips, notes, hard money, house hack, etc)

@Chris Seveney and @Tanya Hekimian: I am interested in getting into the notes. Could you shed me some light on how to get started? Appreciate your inputs :)

Yes @Boyd McClean that seems to be my biggest obstacle at the moment

Whatever you do work with someone who has experience and you can trust.

I'm also a new non performing notes investor after being a buy and hold multi family investor for the past 20 years. I like making my money when I buy. I also like not having to deal with getting financing because I am the bank! And I love the idea of receiving and controlling the cash flow without having to deal with tenants. We love the cash flow but don't want to deal with tenants and notes gives you the best of both of those.

Ok awesome thanks for your input Joshua

I'm in your same situation. I'd recommend starting with a BRRRR and using some of the cash as a down payment & rehab fund. Good luck!

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Updated almost 6 years ago on 06/14/2019. Most recent reply

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Benjamin CookPoster

Great Falls, Montana

Starting Out

What to do with 40k?

Benjamin CookPoster

Great Falls, Montana

Posted October 21, 2017 18:15

I'm brand new to the real estate game and have 40 k ready to invest. I know it's not much but what's the best way in your opinion to get my leg in the game, get some experience and overall start making some cash flow/profit? PS I do live right outside a military installation

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