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Updated over 4 years ago,

User Stats

47
Posts
7
Votes
Ferry Vendy
  • Rental Property Investor
  • Atlanta, GA
7
Votes |
47
Posts

Best way to utilize $100k ready to invest

Ferry Vendy
  • Rental Property Investor
  • Atlanta, GA
Posted

Hi guys, 

I live in a townhouse and currently in the middle of refinance just waiting to hear back from the underwriter, and everything should be good to go.

The outstanding balance of my mortgage is $150k and the value of the house is somewhere between $300k-$330k.

Reason I'm telling that is because even though it will be my first rental property, i don't need to do house hack and I'm in a pretty good shape financially.

So, I'm looking to buy my very first rental property and i have $100k i can use towards that.

I'm aware there's another BP member from Hongkong asking the same question not long ago about how he should invest his $100k and got answers for a property somewhere in LA.

I'm just looking to invest locally in the state where i live, GA.

My question is, with the current market, "sellers market" and "low interest" what would be the best options for me to do?

1. Put it towards 25% of DP in a probably A-/B class property and probably with very little to almost no Rehab cost or,

2. Start with 1 C/D class property somewhere in $150k value and do BRRR with some leftover cash

3. 25% towards a multi family if i can find one with a number that makes sense?

4. Wait a few more months because maybe it will turns out to be a buyers market?

Best regards,

Ferry

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