I can borrow 100k private loan, what should I do with it?

[Anna Kristensen]

Hi,

Newbie seeking advice! I can’t get a bank loan (my income is too low and irregular), but I can borrow 100k from family, or sell a share worth 100k of my property overseas.

What can I do with 100k?

I hear about people buying properties for 80k, but having difficulty with where in the US would is a smart area to buy. If they are too cheap, doesn’t this attract low quality tenants? Scared to lose my nest egg.

I rent in New York now, and want to stay here for a few more years, so thinking of buying a rental property but not sure where

ideas appreciated!

Thank you!!