investing tips.

[Imane Zahri]

Hi everyone, 

I am new to he forum as well as real estate market. I have been thinking about making profit buy purchasing rental properties but in Silicon Valley prices are over my budget, I m considering las vegas, or florida, these are the only 2 I can think of right now,  I am only intrested in buying cash.and I want to start with 100k as budget. I have no idea how o tart and  Any tips or advice would be highly appreciated. 

Thank you in advance.

[Jeff Pollack]

Hey @Imane Zahri,

That is quite an open ended question you have there.  There are a million different ways to invest and make money in real estate.  It may not be the answer you're looking for, but you need to determine your goals.  It sounds like you want something more passive and are considering buy and hold.  That's all good.  Now you need to determine what your acceptable rate of return is and where you think you might achieve that return.  

And even for a seemingly passive strategy like buy and hold, it can be very active depending on how you do it.  Do you want to identify and potentially renovate the property yourself (i.e. with people you find), or buy turn key?  Do you want to self manage?

Iron out some of the details with the end goal in mind.  The links Brandon provided are very useful and there are countless threads with people in a similar position as you.  And as Minh suggested, talk to people.  You can get more out of a 1 hour conversation with somebody than you can spending a week online.

Happy hunting!