What would you do with $100k to start?

[Joann Lim]

What cities? Type of properties? What would you do? TIA

[Randall Alan]

There are many discussions on BP about your question.  Here is one to check out:

https://www.biggerpockets.com/...

Lots of avenues... it depends on what interests you to some degree.  Do you want to be a landlord, does self storage or laundromats interest you?  How involved do you want to be? Will it be a side gig for now, or a full time job?

One decision impacts the next.  I do rentals, and a little flipping.  For me, I want to maximize profits, so I avoid property management (their 10% fee on a financed property is about 30% of the profits after expenses).  The down stream impact of avoiding property management is that I self manage.  Because of that, I want to be close to my properties, so only invest in my local area.  I don't want to have to drive an hour to, and an hour from a property to check on something little a tenant calls about.

As for types of properties.  Duplexes / triplexes, etc give you a little more security starting out, because if one person moves out there are others still there paying the rent. Though once you have enough properties under your belt, you can typically absorb / fill vacancies quickly and they are less of an issue.  We find better deals on single family homes - probably because there are just so many more of them.

Your objective should be to invest as little in each property and get as much return out of it as you can.  

See my reply in this post for how I approach that:

https://www.biggerpockets.com/...

All the best!

Randy