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Updated over 3 years ago on . Most recent reply

Jeffrey Falby's profile image
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Jeffrey Falby
  • from New York City, New York
  • Member since Feb 27, 2017
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Jeffrey Falby's profile image
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Jeffrey Falby
  • from New York City, New York
  • Member since Feb 27, 2017
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Jeffrey Falby
  • New York City, NY
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General Real Estate Investing

Any ideas on how to invest 10,000k

Jeffrey Falby
  • New York City, NY
Posted

Hey I just received 10,000k bonus from my job and I was wondering how can I invest into real estate ?

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Jaron Walling's profile image
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Jaron Walling
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Jun 20, 2018
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Jaron Walling's profile image
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Jaron Walling
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Jun 20, 2018
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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
Replied

@Jeffrey Falby If you gave me $10K I wouldn't spend a dime on property. Did I just say that? REI is not always about $$$.

I'd spend it on market research, networking, and creating deal flow. I'd use it on bad consumer debt if you have any. 

Get into a stronger future buying position. Unless you KNOW your market, have a niche, and stick to a strategy it's easy to make poor investment decisions. Your profile says NYC so I can't imagine $10K making much of difference. Prices are high but don't let it kill the vibes. Learn as much as possible for free and then find/buy/create a deal that meets your goals.

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