Opinions from cash investors

[Alshan San]

I'm looking to get into investing and have 120k roughly to begin with, located in Dallas and have visited the foreclosure auction at the courthouse but was a little disappointed as I did a bunch of homework and none of the houses I was interested in showed up. What would you do if you had a chance to start over, multi family duplex, single family home, commercial shop, etc? Also for the people who bought several cheaper homes (50k and under) do you not worry about them being in bad areas and having bad tenants? Any advice and success and failure stories are appreciated

[John Warren]

@Alshan Sanyou are in an interesting position. I would personally look to leverage that money by purchasing an apartment building. If you buy a few cheap properties you will either have to manage them yourself (a job) or you will have to flip them (an intense job). If you buy a 500k apartment building you might be able to get a management company from day 1!