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Updated about 5 years ago on . Most recent reply

User Stats

15
Posts
8
Votes
Alex F chang
  • Real Estate Agent
  • Arizona
8
Votes |
15
Posts

Investment questions and concerns

Alex F chang
  • Real Estate Agent
  • Arizona
Posted

Hello BP community,

I have about $110k available for investment purposes; I am a real estate agent from Arizona, I just started this year and haven't made any attractive income yet (1 rental and 1 buyer deal currently); I also have access to around $100k in cash from investors.

Ideally, I want to help my self out first by solving my situation. I have thought about house hacking, BRRRR, or buying an apartment all cash where I can at least divorce myself first from debt (I currently live with my brother and pay no rent). As far as i'm concerned, my options are pretty limited since I have no income. (I can also get co-sginature)

I have been looking at deals for at least a 10% conservative COC return (not counting appreciation and deductibles) or if house hacking to at least cover all expenses. My searches have included multi-families, sfh, and condos.

My biggest struggles are finding deals and/ or making current market numbers work. If this was your money, how would you spend it?

Any advice, suggestions, comments, and opinions are welcomed.


Thanks,

Alex.

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