Inheritance

[Maureen M.]

I recently inherited about $100K, and I would like to invest it in real estate. Obviously, I'd like to make money with it! I live in southern CA where there are no more real estate bargains, but properties seem to keep appreciating at pretty high rates. $100K won't get me any properties free and clear, but it would be a good (25%) downpayment on perhaps two one-bedroom condos that might rent for about $1200 each. Would I do better investing my inheritance out of state? I keep reading about units that cost $30K  each on this site. California property taxes are favorable as is appreciation in general. What is your advice: stay in California or go out of state, and if out of state, what area?

[Anore' Allen]

Wholesale. I would put some of that money to use via Marketing to distressed sellers and pass the deals (assign Contracts) to other investors that way you can network with investors in your area, make some cash and not have 25% of your capital tied up in a single investment that doesnt appreciate in value by 10% or more annually. 

I have never in my life seen anything with a higher ROI than direct mail.