Newbie in real estate

[Cindy Ng]

I’m a 50-year-old single woman renting my home and caring for my 2 elderly parents. I have $300K in cash and am exploring real estate investment opportunities. I’m not skilled in repairs and live in a high-cost, tenant-friendly area, what would be the best way to invest my money? Thanks in advance for your suggestions.

[Jake Andronico]

@Cindy Ng

Good for you for taking care of your elderly parents. That is very kind and noble of you. 

I would recommend investing in something that you understand. 

I moved from the SF Bay Area to live and invest in Reno, NV because of it being much more landlord friendly, low property taxes, close to Northern CA and Lake Tahoe, strong appreciation, and I understood the market after speaking to a bunch of people and feeling confident about the future here.  

It may not make sense for you, however. There are a lot of different ways to deploy that $300K (or keep a larger chunk in cash for safety). 

Being able to drive by your properties frequently to see them in person (even if you have a property manager) can provide consistent peace of mind. 

It also depends on your goals and how safe/aggressive you want to be, how much you want it to earn, and what meshes best with your lifestyle. 

Whatever you decide, it sounds like you're in a great spot and I wish you the best of luck!