Looking for the right opportunity

[Preston Duron]

Hello. I am new to real estate investing. My wife and I bought a home in Las Vegas 6 years back and the house sold for more than double what we owed. We figured we wanted to invest the capital instead of blowing it on the next new thing. I've done my research, contacted wholesalers, gone to tax deed auctions. But I'm still hesitant. 100,000 is a lot of money to invest and possibly lose. We are just looking for one really good opportunity or multiple small ones. Any advise on how someone would go about starting new with that amount in real estate?

[Jonathan Holmes]

First thing first is identify you niche.

Buy and hold? How passive do you want to be? Self manage or management company? What kind of property? Small multifamily? Single? Apartment? Local or out of state? Turn key or are you willing to hunt the deal down and do some rehab?

Answer those questions and you may have an idea to start. If you are thinking to buy and hold you need to get your education on. Read some books from the BP library and listen to some podcasts. I suggest starting with The Book On Rental Property Investing by Brandon Turner. It gives a really great overview on the many facets of real estate investing while still having some depth to it.