What would the expert do with 100k?

[Andrea Diaz]

I have been learning about REI for the past year and just when I feel like I´m ready to get my first deal going, everyone keeps talking about how we are still in a seller's market and that we have seen better days. My background is not related to RE at all and I have no experience in the industry. My business partner and I do however have around $100k to start investing. Given the pool of experts that might be reading this, if you were us, what would you do?

Thank you for the time.

[Scott E.]

Step 1: Spend more time getting educated. You say you've been learning for the past year but based on the tone of your post I can tell you are not ready to deploy $100,000 of your hard earned money.

After that, you need to establish some goals. You could get into wholesaling, house flipping, short term rentals, long term rentals, or commercial. All of these options have different pros and cons. Think about your financial goals and risk appetite, then focus on a niche.