What should I do with my $150,000?

[Jack Mccormack]

I’m new to bigger pockets. I’m moving to the US later this year.

I own 3 rental properties in Ireland. I have no dept and around $150,000 in cash and another $80,000 worth of machinery.

My plan is to go to the US with my cash and machines and start a construction company. I have a few contacts in the game and should have no problem getting going.

Or

Is there anyway for me to get into Real Estate straight away without a any credit rating in the US? If I was to sell my machines I’d have around $230,000.

What’s my best route, to start at construction I’d have to invest all my cash into the company and hope that it all works out, then if it does I’d invest as much income as possible in real estate, but that’s a lot further down the line. I’d like to get straight into real estate if it was a solid option.

[Jay Hinrichs]

Originally posted by @Ivan Barratt:

Focus on what you're excellent at! Construction market in most of US is TIGHT! There's a need to fill!  Google/Search on "burning your ships behind you." Many great American immigration stories have started out like yours!

Focus on building a business first. Do well at that and the biz will buy the real estate down the road.

No go get it already! ;)

great advice Ivan don't know what construction he does but there is such a shortage of good contactors and subs..  also 230k is not going to provide enough income in the rental space to pay for monthly needs its a nice Investment type thing but not anything that is going to be earth shattering..  one I suspect would make far more money in the trade then passive investing.. FAR MORE>>  then start investing your proceeds from your business