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Updated about 6 years ago on . Most recent reply

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35
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Bob S.
12
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35
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what if you had 100k cash right now? what would you do first?

Bob S.
Posted

ok so - i'm a newbie and i only have one other post.

here's a hypothetical - it may or may not match my situation... i just wanted to start a fun topic and get some ideas generated.

say you have 100k cash in your pocket - right now.

what is the first thing you would do if you wanted to invest in rental property(ies)? what would you look for? how many would you buy? would you focus on one specific type? would you try to buy multiple properties in an "up and coming area" - or would you buy one in an established, more "reliable" area? i am using these terms loosely; be creative.

thanks! open to thoughts, concerns, critics, and pessimists!

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,402
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

I would flip it, then keep the original $100k and invest it in the next flip...and spend the profits on your rentals,...then, repeat this process over and over until...until, you get tired of it.  Then, take your original $100k (you never spent it...no matter how hard you tried), and keep it.

Never under any circumstances, for any reason, spend your seed money.  Spending in this case would be buying a rental with it.  You spend your profits ONLY...and use(invest) your seed money to infinity...and beyond.

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