You've just hit your savings goal of $50k, whats next?

[Trevor Bingham]

Friend hits the mark with $50k in savings, but he isn't sure what to do to make it grow. If you were him, what would you do? He lives in a HOT real estate market and hasn't ever invested in RE much less out of state. He has a full time job and qualifies for a VA Loan. Do you look to join a syndication, partner on a flip while working a W-2 full-time, meet a few wholesalers and hope to find a good BRRR or do you put it all in apple stock and cross your finger?

Thanks in advance for the info.

Trevor

[Andrew Hogan]

Bjorik is right. The more time he can dedicate to growing his wealth bucket, the faster it will grow.

If he doesn't have much time or knowledge yet, a syndication for non-accredited investors is good way to learn.

He could also put that capital down on a 4-plex and househack.

Or find a great partner who has the experience and can put his capital to use in harmony with your friend's investing goals 

The other options you listed seem too risky if he doesn't have much experience.

Good luck