Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Ruben Esparza
3
Votes |
7
Posts

Best way to Invest 120K while in CA?

Ruben Esparza
Posted

I am trying to brainstorm better ways to invest 120K, instead of 20% down payment for a primary residence in CA.

I am considering buying a SFH or duplex in regions I would like to relocate to in future (Nashville, Orlando, Charleston).

I live 90 minutes from Bakersfield which is a rare affordable market in Southern CA. 

I am open to all ideas and figure many will involve Mid-West. I am living rent/mortgage free in Townhouse I co-own with Parents.

Thanks for input!

Most Popular Reply

User Stats

61
Posts
76
Votes
Mark Albini
  • Realtor
  • Evansville, IN
76
Votes |
61
Posts
Mark Albini
  • Realtor
  • Evansville, IN
Replied

@Ruben Esparza Hey Ruben ,

You are right. That money is absolutely worth investing to generate some positive cash flow.

I like that you have already thought of the Midwest. I used to live and invest south of Camp Pendleton in Oceanside and Vista. And you know. 20% down is, if not more, than $100k. Yikes.

I am now in Evansville Indiana, and help many OOS investors like yourself achieve financial freedom with long term buy and hold.

That $120k out here can go a long way and produce 20-30% ROI annually while allowing you to diversify.

Diversification is key as it allows vacancies, non payment, etc to not affect you as much.

Let me know if you'd like more info

  • Mark Albini
  • Loading replies...