What should I do with $20k?

[Lucas Miller]

Hey Folks,

I read the forums a lot and love the podcast. Thank you all for making this community great! I am in my late twenties living in San Francisco, and have been saving up to get into real estate. I like houses and communities, and I like that it's real. I'm not a handy person, and although I have plenty of time through my computer and phone, and I don't have a lot of time to travel to places and hangout. I also like my day job.

I'm a pretty slow moving person and have never owned a home. But I imagine if I start buying places now, I could be pretty well off by the time it counts. I currently have $20k cash and great credit, and can plow around $200/week into this project. What would you folks do? Where would you go? My home, the bay area, is obviously not an option. Flipping and Renovating doesn't interest me (yet).

Also what about international? I'm feeling kind of yolo so long as it isn't stupid, and has a chance of working.

[Eduardo Zepeda]

@Lucas Miller

Maybe partner up with someone as a minority partner in their deal and learn. Education will be your biggest gain from your initial deal. There’s a lot to learn even before you acquire the property. How to identify opportunities. How to analyze them. How to put together an offer and ultimately get it under contract. How to perform your due diligence and navigate the contract period. Then there’s a whole set of things to know once a property is yours. If you’re able to find a mentor or seasoned investor that will take you along for the ride and let you invest your cash alongside them too, the return on your time with the knowledge you gain will exponentially exceed your financial gain from the deal.