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Updated about 5 years ago on . Most recent reply
How to invest with 300k
Just looking for some advice on where to start... I'm receiving around 300,000 very soon and want to get started in real estate. Ive been reading books and stuff on rental properties and am interested in flipping just don't know where to begin and what path to take. I'm currently working on getting my credit score up to a 750 currently around 685-695 to help with mortgage rates etc... Any advice would be helpful like can I get more than one mortgage in a year should I start with a nice multifamily and maybe by a fixer upper also for under 50k etc.... Thanks
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Jay Hinrichs
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put it in the bank and let it rest for a while.. deals are like street cars there is always another one on the next corner.
dont get caught up in the shiny object syndrome real estate is not that complicated and PA has some really great areas if your intent is to be a landlord no reason to run all over the country.. Prop tax's are an important component of income properties and PA has some really nice rates compared to other cities.. and also appreciation is where the money is made .
you want to invest in growing areas not stagnet areas that show no historic appreciation and or future hopes of same.
Note investing and being a lender is a pretty cool way to go as well Done RIGHT of course..
dont get caught up in the shiny object syndrome real estate is not that complicated and PA has some really great areas if your intent is to be a landlord no reason to run all over the country.. Prop tax's are an important component of income properties and PA has some really nice rates compared to other cities.. and also appreciation is where the money is made .
you want to invest in growing areas not stagnet areas that show no historic appreciation and or future hopes of same.
Note investing and being a lender is a pretty cool way to go as well Done RIGHT of course..
- Jay Hinrichs
- Podcast Guest on Show #222
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