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Updated 10 months ago,

Account Closed
  • New Ipswich, NH
3
Votes |
6
Posts

Best way to invest $100k? Fix and flip, Rentals?

Account Closed
  • New Ipswich, NH
Posted

OK here is my situation, I'm 26 years old with $90k I'm willing to start investing in real estate with, I have zero debt and near perfect credit history and not much liabilities in life at this point......no house, still single, no kids etc. So in other words I think now is as good a time as any to start investing in real estate. My ideal plan (obviously with a little tweaking along the way) is to start fixing and flipping homes in my spare time, as I still work a full time job. As soon as my income from flipping homes replaces my existing income I would like to quit my job and flip full time. At this point I would like to start putting my profits into rentals, single and multi-family homes, and possibly apartment buildings down the road when finances allow.

 So to all the more seasoned investors out there, what would you do if you were in my situation now? If you were my age again in this situation what would you do or do differently than stated above? I'm still new to the game and am very open minded to any critique/advice you might have. I don't want to get ahead of myself or be too overconfident, It's always easier said than done of course. 

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