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Updated over 6 years ago on . Most recent reply

User Stats

27
Posts
6
Votes
Michael Cavitolo
  • Rental Property Investor
  • Raleigh, NC
6
Votes |
27
Posts

What would you do with 50k?

Michael Cavitolo
  • Rental Property Investor
  • Raleigh, NC
Posted

Hey All, I have $50k currently at the moment, and will have an additional $65k by January. ($115k if I decide not to spend that $50k right now) I would like to turn into passive income from buy and holds or possibly throw it into a property, rehab, and flip it for more capital. 

I'm still trying to land my first deal, I think the nerves hold me back, I'm 22 at the moment and just wanna get my feet wet already. Should i use the 50k and put 25% down on a property and rent it out for cash flow? Or maybe 5% down for my first property?

 I'm wondering how YOU guys would use that 50k or 115k to get started in earning passive income. I would love to hear all your strategies and tips! 

Thanks! 

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