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Updated over 5 years ago,
$100k to start investesting
I recently ran into a friend that is much older than me (I'm 23). I told him about my dreams of getting into investing and the different strategies I have learned through Bigger Pockets. He liked the idea and the ambition I had. He went on to tell me that he has $100,000 that he would like to invest in real estate and that he wouldn't mind trusting me to put that money to work. I am very interested in helping him as well as learning but I don't want to just be a pack mule for the guy as much as I love him.
I have been thinking through so many different ways to use this $100k to benefit us both. All I have come up with so far is buying him a house and me managing it. Being a property manager is the last thing I want to do right now let alone have time for it.
I know real estate is all about being creative with money to find what works for you so are there any of you out there with suggestions on how I can pitch a solution to him? I am all ears.
Thanks for the help in advance.