Strategy: What To Do With My First 100k Cash?

[Lou Ruggieri]

My best friend from HS has been working diligently for a long time and has managed to accumulate about 100k in cash savings. He only has one house but wants to jump into RE. Bc I am obsessed with RE, keeps asking me what he should do with his money and I said I would look into it for him (hence why I’m here). Just wanted to know what YOU would do with 100k right now if you were just starting out. In terms of goals, he wants passive income to support his lifestyle so he can ultimately quit his day job. It doesn’t sound like he wants to flip bc he doesn’t have any real experience or connections in terms of a trustworthy team. Also, he lives in NJ. Obviously I’m going to advise him wait and learn as much as he can before making a decision but I just would like some ideas to steer him towards from the pros. Thanks!