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Updated over 4 years ago on . Most recent reply
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40k to Invest as a 23 year old with no job
Hi everyone,
I recently left my 9-5 engineering job in July, and I finished my first flip shortly after that. I'm temporarily living in Missoula, MT for a couple months before moving to SoCal. At the moment I plan on continuing my engineering career once I move to California, but I'm not sure if I have the patience to hold off on REI until then.
I have enough in reserves for living expenses for awhile on top of the 40k I have to invest (I kind of lucked out on a successful first flip), so I'm wondering if anybody has any ideas of what I should pursue. It's difficult for me to get a conventional loan without an income source, and I don't have much of an investment history for a HML.
I'm interested in fix & flips, single-family & multi-family buy & holds, and just about anything that would make a profit. I was thinking about attempting to do a quick flip in Missoula while I'm here, but I think I would need cash in order to make the turnaround quick enough.
Any ideas, advice, or contacts would be greatly appreciated.
Thanks in advance!