200k of parents refinanced cash, what should I do?

[Alex Landowski]

I convinced my parents to cash out their equity, I'm 22 with a Realtor license in Chicago, should I buy/ finance for a multiunit, buy a couple rental units, or flip a property? (For my first step in REI)

Keep in mind the liquid cash from the refinance after paying off the old mortgage is still $1400 a month in principle and interest.

[Christopher Brainard]

Hi @Alex Landowski and welcome to BP!

There is no real answer for the question that you're asking. There is a multitude of ways to make money in real estate and each individual will prefer one method over another. With that said, if you're asking this question, you need to do some serious studying and learning before you proceed in any direction. Investing without intimate knowledge of and experience in the asset class, risks, and exit strategy is very risky (especially at where we are in the market cycle) and the only person whose money you should have losing more than your own is anyone else's. The good news is that the information is here and free, you just need to take advantage of it. The bad news is that you need to put in the time. After all, there is no free lunch :)

-Christopher