Getting started with $200k - what would you do first?

[Russell Welch]

Hello - I am in my early thirties and have now paid off all of my debts and built up about $250k in savings.  I am very new to this but I think I’m ready to put about $200k into my first real estate investment.

What would you do with that much money to start with? What should I look into first? 

[Account Closed]

@Russell Welch Hi Russell, Congrats on putting yourself in this position and saving & eliminating debt. I guess I would start with - What is it you want out of REI? Is it a steady cash flow (buy and hold), more immediate returns (fix & flip) or something else. Each involves its own set of activity by you and can range from pretty passive ie turnkey to much more involvement on your part. Once you know that I'd start diving into that strategy and building out a plan.