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Updated almost 6 years ago,
Best way to invest my money?
Hi everyone,
I have an interesting question. My dad and I are trying to get into real estate investing. My dad has a line of credit of around $200,000 and I have some cash saved for investing. Unfortunately we live in northern San Diego so properties are very expensive. We are trying to figure out the best use of our money. Should we try to find something in San Diego or should we look else where in the US so our investing money can go farther? I guess the pros and cons would be local is a little more hands on for first time investors (less of a return) and I can house hack. Elsewhere possible higher returns but more difficult investing.
Interested to see what you guys think.
Thanks!