Best way to utilize $100k ready to invest

[Ferry Vendy]

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

[Joseph Firmin]

Hi @Ferry Vendy, the refinance will make you want to find something fast now that your mortgage payment will be more (most likely). Stay patient and make sure you have the goals you want in place. In the beginning it is about learning. Your first project will help you learn a lot, so don't get discouraged. Your question can be answered by your goals and lifestyle. If you want to be an active investor then any of those options work, but which one fits your goals - only you can answer that. I'm partial to multifamily, but someone else may be partial to flipping... Make sure your numbers work and stay conservative, don't get ansy.