I'm 19 with access to $2+ Million in funds I need help to invest!

[Solomon Nguyen]

Hello Everyone! 

A little bit about me. My name Is Solomon Nguyen. I am a Real Estate agent in Rhode Island and I am hoping to get started in investments soon, Multifamliies, Short term rentals, and commercial to be exact. I have spent the last two years watching bigger pockets and working for flippers and long-term hold investors to really understand the basics. I've sold 10 homes in my first year in real estate and see the amount of value and wealth that it has to offer. While I am still in college, I met a friend who also really wants to get started in real estate and would like for me to help him get started. His father sold a tech company a little while back and is just sitting on a lot of cash. They want me to begin helping them look for deals but in a state such as Rhode Island there is not much to go around, and if there is any type of deal, is not worth the money invested whatsoever. I would like to at least see an 8% return on their money (wouldn't we all) but really do not know where to start. They are open to the idea of expanding from Rhode Island into different markets in the south (Carolinas, Florida, Texas) but I have no contacts out there. If you have any advice or know anyone I could reach out to about this, I'd be more than happy to talk! They want to get a deal done asap as they are eager and excited! 

Thank you so much for taking the time to read this!

[Steven Foster Wilson]

Quote from @Solomon Nguyen:

Hello Everyone! 

A little bit about me. My name Is Solomon Nguyen. I am a Real Estate agent in Rhode Island and I am hoping to get started in investments soon, Multifamliies, Short term rentals, and commercial to be exact. I have spent the last two years watching bigger pockets and working for flippers and long-term hold investors to really understand the basics. I've sold 10 homes in my first year in real estate and see the amount of value and wealth that it has to offer. While I am still in college, I met a friend who also really wants to get started in real estate and would like for me to help him get started. His father sold a tech company a little while back and is just sitting on a lot of cash. They want me to begin helping them look for deals but in a state such as Rhode Island there is not much to go around, and if there is any type of deal, is not worth the money invested whatsoever. I would like to at least see an 8% return on their money (wouldn't we all) but really do not know where to start. They are open to the idea of expanding from Rhode Island into different markets in the south (Carolinas, Florida, Texas) but I have no contacts out there. If you have any advice or know anyone I could reach out to about this, I'd be more than happy to talk! They want to get a deal done asap as they are eager and excited! 

Thank you so much for taking the time to read this!

 Hi Solomon, 

I would look into Ohio. Our markets here are booming with huge corporations choosing to move here or are already here. Like Amazon, Intel, The Limited, and more. I recommend the major cities in Ohio:

-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily https://learn.roofstock.com/bl...

-Cincinnati, has a mix of cash flow and appreciation, with average multifamily around $180k. https://www.noradarealestate.c...

-Cleveland, has a lot of cash flow potential, average multiform around $140k. https://learn.roofstock.com/bl...

There are other smaller markets like Dayton, Akron, and Newark, and we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kinds of areas.

If you have any questions I am happy to help.