Investor · Richmond VA · Member since 2015 · 20 posts · 4 votes
Hello everyone! I've recently come into some private money via a relationship I formed with someone that is interested in getting a higher return on their retirement funds. We're considering starting out with $50k to $100k max. I'm interested in getting some options and/or strategies on how one would use private money of $50k to $100k with the goal to be monthly cash flow within 30 to 60 days.
@Joe Villeneuve In general I'm looking for options that would get the most cash flow within the first 2 to 3 months with the initial investment of $50k. In my market I could purchase 2 to 3 single family buy and hold properties (depending on the amount of repairs and fees) around $50k each with a 10% to 20% down payment with upfront repairs between $5k-$10k. Once repaires are complete I'd be able to rent each property for around $900 per month with an approximate net cash flow of approx. $180 per month on each property after loan repayment and fees.
I feel that I could get a better return on my investment with the goal being monthly cash flow if I were to consider other options. Until recently my main form of investing has been buy and hold but I know there are many other strategies that one could use with a $50k investment.
I'm generally looking for options that I haven't thought of or aren't aware of.
@Joe Villeneuve Well I'm interested in learning more about the benefits of one or the other but at the moment the initial investment would be a loan. The $500-$1500 would be per month.
@Joe Villeneuve Well I'm interested in learning more about the benefits of one or the other but at the moment the initial investment would be a loan. The $500-$1500 would be per month.
Great. Easy, and you would end up with the use of most of the loan for multiple uses.