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Updated 1 day ago, 11/30/2024
Getting Started. How & What would you do with $750k? Suggestions?
Hi Everyone,
I’m seeking advice on how to get started in real estate investing with a decent amount of liquid funds available to deploy—roughly up to $750K.
Currently, I’m working in the corporate world but looking to transition into real estate as my next venture. My ultimate goal is to use this capital to generate enough cash flow to focus on real estate full-time. While I’m not in a rush, I aim to strategically invest and grow a portfolio over the next 3–5 years to make a smooth exit from the corporate grind, as reporting to an office daily has left me feeling burnt out.
What strategies would you recommend? Should I consider:
- Purchasing rental properties? (Best regions/areas for returns?)
- Flipping homes?
- Acquiring pre-existing rental portfolios?
- Investing in mobile home parks?
- Using leverage to scale, such as borrowing against this cash for larger down payments?
- Employing the BRRRR ?
- Targeting Section 8 housing?
I’m open to ideas and keen to hear what approaches have worked well for others who’ve found success in real estate. Any tips, strategies, or insights would be greatly appreciated!
Thanks in advance to everyone who shares their thoughts.