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Updated over 13 years ago on . Most recent reply
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What to do with $100,000
If you have little to no experience with rental property (just bought a book on landlording) and had $100,000 to invest only in real estate, where and how would you invest it?
1. buy as big a multi unit complex that you could qualify for (leaving some left for misc expenses of course)
2. buy a few properties in different locations?
3. or just pay off 60% of your mortgage balance.
Any other options I am forgetting in real estate only (I am already heavily invested in the stock market).
thank you for any help.
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Originally posted by Financexaminer:
But if you want to be a landlord.....you must want to work harder. Good luck
First of all, you can't make 3% any more. 2 if you are lucky and usually less.
Second, you aren't going to turn your money 10 times a month. Back to backs are getting tougher to put together. With alot of marketing you might (big emphasis on might) get to 10 transactions a month but it won't be 10 100K transactions.
Also, he would have to turn down alot of possible deals because they are over 100K.
It is a good business but luring him with 30% monthly returns is ridiculously pie in the sky.
In my experience, the reality is 2 or 3 transactions a month for 1.75%, but I don't make it my full time business.