$100k to start investesting

[Zac Rogers]

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. 

[Scott Jensen]

@Zac Rogers I would be really cautious about using other people's money if you don't have experience in real estate.  I would decline the offer and work on getting your own systems and processes in place. Gain some experience and then if you need funding for a deal down the road you could come back to him with an offer.

@Trevor Ewen makes a great point about syndication.