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Updated over 6 years ago on . Most recent reply
What would you do with 100k?
Question for those of you who are seasoned investors. I am trying to map out the best way to attain the best return on my money. I have saved up $100k over a Lot of years of saving a little bit at a time from an exceedingly stressful job in a field that I would like to be out of before to long. I also have about 55-60k I could take against the equity in my house in keeping with the 80% rule. My question is what is the best way forward? I live in Saratoga, NY and I would like to wind up in the Charlotte area within a few years. I am actually flying down to Charlotte this weekend to spend a week looking at areas and properties there. Ideally I would like to have living quarters possibly as part of an investment in the Fort Mill/Charlotte area, but open to whatever is the best use of the money I have. I have considered loaning the money to flippers, but I have little knowledge at this point about that. What do you see as the most positive option for me?
I appreciate any comment! Thanks
Most Popular Reply
Thank you Eddie, interesting strategy. Any ideas where to look for the right indiviual that I might work with in a lending/learning process? I am going to go to a RE investment group meeting while in Charlotte next week, but I am not sure what will actually be there.