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Updated over 4 years ago, 07/12/2020

User Stats

3
Posts
0
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Skylar Smith
Pro Member
  • Contractor
  • Franklin, IN
0
Votes |
3
Posts

$350k to invest. Young investor

Skylar Smith
Pro Member
  • Contractor
  • Franklin, IN
Posted

I’m 25 and needing advice on how to move forward. Started out at 19 on the Dave Ramsey plan of getting all my stuff paid for with no loans. I redid my first home at that time and got lucky buying my first house off someone who was about to lose it. I had about 50k in  Equity and started flipping small houses in town. I’ve now done about 7 houses and have got my primary residence paid for which is worth about 375k. I’d love to get some ideas on how to move forward in Real Estate. Some things I have thought to do is keep flipping with a line of credit and save cash for when the housing market goes down. Also to keep buying fixer uppers and then turning them into rentals that already have 20%  Equity.

Thanks in advance for your advice!!

  • Skylar Smith
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