I have 150K to invest and i have no clue how to go about this. HELP!!

[J C]

I want to buy some rentals and hold and get the cash flow from the properties and im confused how to go about this. I was reading the Cashflow vs Appreciation thread for the longest and assumed that i can buy some cheap properties for about 25-30k and rent them out for 550-650. This is the part where in confused on. I have bad credit and cannot get financing. So do i just pay cash for everything? Or would be the smart thing to do would finance everything and hold on to the cash.. Im so lost. ANy input on the best route i should take?

[Robert Mack]

The best thing to do is not rush anything.

If you're interested in rentals, read everything here on BP about being a landlord and start writing out a business plan. Even if your plan keeps changing or you keep tweaking it, it's better to have something written out than nothing. Try to get as specific as possible.

Start networking at your local REIA meetings... just Don't go around telling them that you have $150k and you want to invest and you don't know where to begin! Everyone will be throwing "deals" at you, and trying to get a piece of that $$.

What area are you from, you should put it in your profile. There may be some BP members that are near you that you can buy lunch for and talk to.