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Updated over 6 years ago on . Most recent reply

User Stats

35
Posts
7
Votes
Jarrod Gregory
  • REI
  • Palo Cedro ca
7
Votes |
35
Posts

I finally have money, Not sure what the next move should be

Jarrod Gregory
  • REI
  • Palo Cedro ca
Posted
I’m not sure what the next step should be. Ive got many options. I thought it would be easier to decide once I had money. I do, and it’s not I’ve rehabbed three houses across California and have saved up about 250k. I’ve also acquired a 6ac lot in a desirable are that I own free and clear with a value of around 150k. (but vacant land Is hard to sell) I’ve been able to make money rehabbing because I work very hard at it. I work long hours at work and even longer on my projects. I’m tired and I’d like to get a bit more passive about investing now. I’ve considered building a spec house on the lot and estimate I could generate another 100-150k with that project. I am very open minded. Str’s, spec house, local rental, out of state rental, all cash buys or leverage myself as hard as I can, multi-family or sfr. Please BP. Guide me 🙏

Most Popular Reply

User Stats

5
Posts
4
Votes
Edwin Ortiz
  • Murrieta, CA
4
Votes |
5
Posts
Edwin Ortiz
  • Murrieta, CA
Replied
@Jarrod Gregory I Jarrod. There are many ways you can go. If it's passive income you want we can talk about you becoming a private lender and getting a good return on your money for each project. Currently I have a team of investors that will need Gap funding from a private lender. Another way is partnering up and getting residential multifamily and then moving into commercial multifamily. If interested I can help you with either one.

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