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Updated over 2 years ago on . Most recent reply

User Stats

11
Posts
4
Votes
Kyle Knowles
  • Flipper/Rehabber
  • Dover, NJ
4
Votes |
11
Posts

150k cash, 21 yrs old, what do i do?

Kyle Knowles
  • Flipper/Rehabber
  • Dover, NJ
Posted

I am 21 years old and live in Morris County, NJ. Morris County has the highest median housing prices of the entire state, and some of the highest taxes in the country. I have 150k cash, and would like to eventually go into multi-family unit buildings. I have yet to make my first deal, but I’ve been educating myself as much as I could. Any ideas?

Most Popular Reply

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3,347
Posts
2,344
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Caleb Brown
  • Real Estate Agent
  • Kansas City
2,344
Votes |
3,347
Posts
Caleb Brown
  • Real Estate Agent
  • Kansas City
Replied

I would advise to house hack a 4plex to learn the basics and it's so cheap to start. Then scale up to multi after you have your feet wet. After the house hack it's up to you, you can.... purchase a multi by yourself with your funds, partner on a deal, go into a syndication, etc

  • Caleb Brown

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