Fun Question: what would you do? rehab? lend? rentals?

[Joseph Diandrea]

Heres the situation: you just have acquired about 200k worth of cash funds, 250k in HELOC , never done a deal before, BUT have been investing much time and education into the REI world for more then 6 months. Knowing what you know now about real estate. What would be your advice to someone who is in this situation? Would you save the money and use for down payments for rehabs, while still using OPM and going through a PML or HML? Would you use the money to buy rentals right away? Would you become a PML? Obviously you may split the money up, but how would YOU do it? Love to hear some feedback on this.

Specifics: Speaking in terms of a very young adult, 21 years old. Philadelphia Market