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Updated about 11 years ago,
Passive Investing for new investors... is there such a thing?
Hey Everyone!
I'm being a bit dramatic with my title here, but I do have a serious question if anyone is willing to provide some feedback.
I had recently asked a question in the forums about turnkey investing which led to a really educational and helpful discussion. This question morphed into a more general discussion about passive investing which is something that I am very interested in.
In my limited understanding it sounds like there are a few different ways to be a "passive investor". Turnkey investing, hard money lending, syndication, and note investing among them. Of these, syndication sounds the most appealing to me, but thanks to some very educational advice and guidance from Jeff Greenberg, a BP member and syndication expert... my words, not his. (Thanks for taking time out of your busy schedule Jeff!), I've now realized that I probably am not in the right place financially for investing in syndicated deals... yet.
So in the meantime, I find myself wondering... what are some passive investment opportunities for a new investor who like me has say 10k to 25k dollars to invest, but a relatively small net worth? Can you consider hard money lending with this small amount of money? Or do I basically need to resign myself to being patient and saving more?
I'd love some of your opinions if anyone has the time!
Thanks,
Trevor