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Updated almost 4 years ago,
What to do with 280k cash in Austin, TX?
My mother just sold her house and has 280k in cash to invest back in real estate. I am fairly new to real estate investing and am not sure what is the best move. Here are my questions:
- Can she use it as a downpayment for 3 properties worth ~1M?
- How can I find a lender for such a deal?
- Do I look for commercial loans?
- What will such a lender require to close such a loan?
- Any better ideas of what she should do with all that cash?
Thanks, I look forward to reading your suggestions.