What would you do with $63,000?

[Jonathan Farber]

Very general question, but let's say a family member came to you and asked if they could invest 63K with you.  You can flip, you can buy and hold, you can privately lend - you can do whatever you'd like with the money.

What are people doing these days with chunks of cash?   

** Opinion question and not asking for what I should do with the money, curious what you guys would do :) **

[Steve Kontos]

@Jonathan Farber

The objection here is to create a win/win/win situation.  A win for the investor (which can only be determined by finding out what their needs are for being a part of this and nailing it), a win for you (purchasing an asset using someone else's money), and a win for the tenants you are housing (making sure you take care of each and every tenant ethically and with respect).  This is the motto my company goes by each and every day.  

Personally I do not take any investor on unless they are properly educated first because with out of state investing, it is important to understand what you are getting yourself into.  Flashing money in my face doesn't cut it.  I am a huge advocate for people respecting the business we are in (this means taking the time beforehand to mentally prep and equip yourself for the great real estate journey you are about to embark on).  

Hope this helped.