Where to Invest with $50K in cash?

[Amit Desai]

Hello all BP experts,

I have $50K cash which I want to use into either STR or LTR wherever number will work. I already have 1 STR which is doing great but not sure about which way I should go next?

Expecting real guidance here if possible. 

OR you can suggest how and where to divide this $50K?

Thank you in advance for your suggestion and guidance.

Thanks

[Jerry Lucker]

@Amit Desai

If quick cash and above average profit margins attract your interest you might want to do what I’ve done for 20 years.

Buy a mobile home in a park, pretty it up, and flip it. I’ve done this many times with $50K or less. Profit margins anywhere from 50% to 200%. This just can’t be done with real estate. Mobiles in parks are not real estate, they’re personal property.

Don’t get me wrong, I love real estate. I’ve been able to buy a nice portfolio with the cash I’ve made flipping mobile homes :)