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Updated over 5 years ago on . Most recent reply

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Andy Ramdeen
  • New York, NY
29
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86
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I have 100k what to do in real estate ?

Andy Ramdeen
  • New York, NY
Posted

I have 100k save up , what should I do in terms on real estate? I have some options - out of state investing , using like Memphis invest and others similar. Buy fix and flip (but I would assume I need more money) . And that’s all I can think of, any suggestion from the community?

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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Replied

Put it in a high yield savings account earning around 2% interest with zero risk while you learn everything you can.

Then use your $100k once you've educated yourself and picked out a strategy that aligns with your interests/goals.

Also make sure you are very cautious of people reaching out to you with "deals" and "opportunities" now that you announced having $100k cash on a public forum as there will be people who would love to spend (not invest) it.

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