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Updated over 4 years ago on . Most recent reply
75K to invest. Where do I start? Would LOVE any recos to help!
Hello! I have 75K to invest and am JUST starting my investment journey. I live in an expensive market (Denver) so can't find opportunities where the math works here. Am open to out-of-state but not a clue where to start. Any recos would be greatly appreciated.
Most Popular Reply
I've seen a lot of people get fooled into the "passive income" belief with owning SFH or small multi-family. It's anything but passive even when you have a property manager. You always have to manage your property manager and in the end you're still the one dealing with the insurance, price quotes, and a tenant that is threatening to leave if you don't have it fixed in 2 days when a pipe bursts at your rental. The only people who truly get "mailbox money" are those who own the note (mortgage) or investors in a syndication (money lending).
Sorry, I'll get off my soap box now lol...
Best,