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Updated over 3 years ago on . Most recent reply

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31
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12
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Nathan Caffero
12
Votes |
31
Posts

What is the best way to invest 50,000 dollars?

Nathan Caffero
Posted

Hello everyone, my name is Nate I'm from San Diego California and I am brand new to the real estate community. I'm in the process of rebuilding my credit and about to invest around $50,000. I've been doing a lot of research and so far I think partnering up on a multi unit in the Midwest might be the direction to go. I would really appreciate some advice and I'm open to suggestions.

Most Popular Reply

User Stats

178
Posts
224
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Stewart Beal
  • Investor
  • Ann Arbor, MI
224
Votes |
178
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Stewart Beal
  • Investor
  • Ann Arbor, MI
Replied

In 2002 I was 19 and invested $50,000 I had saved to purchase a 5 unit apartment building across for Eastern Michigan Universities Business School.  The purchase price was $262,000 and I borrowed $212,000.  4 units were rented and 1 was vacant so I moved into the 5th unit while I fixed it up.  It was a good start into real estate.  Now I manage 3,100 apartments, office spaces, and single family homes. 

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