What should I do next in terms of investing?

[Vivan Bhalla]

Hello,

I recently started my investing journey by buying a turnkey property in Ohio. The property has had some hiccups but things are looking better now. I got some money in savings which I was thinking to put into another real estate investment. However at this point I have a few options and I confused-

1. My first option is to buy a new construction for less down payment and seller financing from the same company I did the turnkey deal with

2. The second option would be to go with another realtor who is helping me finding better deals like fixer upper deals or deals where I can renovate and make them into turnkey. This is also in the state of Ohio. I can use a second home loan and put less down payment here.


3. The third option would be to invest internationally. This is the option where I am most excited and leaning towards. I have two cities in mind - Tulum and Dubai. Dubai being the next big hub of everything and just being closer to India (my home). Tulum being a destination which I love. However, Tulum has more risk than Dubai as in Dubai the economy is not just dependent on tourism and there are no risks of things like the cartel etc.


my goal is to achieve FI asap, I am planning to buy rentals which give me good passive income. My goal is 3000$ in passive income and right now I am at 1200$.

would love some help from the community here. Thanks

[Jimmy Lieu]

Quote from @Vivan Bhalla:

Hello,

I recently started my investing journey by buying a turnkey property in Ohio. The property has had some hiccups but things are looking better now. I got some money in savings which I was thinking to put into another real estate investment. However at this point I have a few options and I confused-

1. My first option is to buy a new construction for less down payment and seller financing from the same company I did the turnkey deal with

2. The second option would be to go with another realtor who is helping me finding better deals like fixer upper deals or deals where I can renovate and make them into turnkey. This is also in the state of Ohio. I can use a second home loan and put less down payment here.


3. The third option would be to invest internationally. This is the option where I am most excited and leaning towards. I have two cities in mind - Tulum and Dubai. Dubai being the next big hub of everything and just being closer to India (my home). Tulum being a destination which I love. However, Tulum has more risk than Dubai as in Dubai the economy is not just dependent on tourism and there are no risks of things like the cartel etc.


my goal is to achieve FI asap, I am planning to buy rentals which give me good passive income. My goal is 3000$ in passive income and right now I am at 1200$.

would love some help from the community here. Thanks

Hi Vivan, I recommend that you look into Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!