Brand new investor!!! Where do I put $100k?!? HELP!!

[Daniel Stevens]

Hi everyone! 

I’m a brand new investor, no deals, don’t even own my own home yet, just starting my journey via books, podcasts, forums, YouTube etc… 

Here’s my dilemma: I have a little over 100k saved. However, my wife got laid off start of the pandemic and I started independent contractor work, but no 2 years of tax returns for a conventional loan. My problem is too many choices! 

Do I: 

a) buy a 3/2 here where I live (Chico CA) with a portfolio loan and 20% down and save again for another?

B) buy a duplex or similar and house hack?

C) try and acquire multiple properties in cheaper markets just as buy and holds?

D) BRRRR in my area?

Now I start listening to info on syndications?!?! Cmon! Somebody gimme a hand here! I’m flailing! 🙏🏻😅

[Basit Siddiqi]

All the investment options require different skills to make them successful.

Househack - requires you and your wife to be on board. 

Acquire multiple properties in cheaper markets - will require you to network well so you can find the contractor, property manager, lead source, etc. You may want to start with one property as a test.

BRRRR - requires to do identify properties that you can purchase under value, work with contractors, and have credit worthiness to refi(may need to wait the 2 years).

Syndications - you have no power on what the syndication does(pro and con).