Advice Please

[Cody W.]

Hello everyone,  I need advice to find the best way to start investing my money in real estate. I have about $150k and am tired of letting it sit and collect dust. Should I buy a house straight up? A couple down payments? Blow it in Vegas? I'm 24 so it could also be a long term plan.  Thanks!

[Dessiree Fermin]

Hi @Cody W..

I would definitely recommend you researching more about what type of investing you want to do in real estate. At the end of the day, we can't tell you how to use your funds because you have to really decide what makes sense for yourself. Plus not all real estate investing is for everybody - some prefer single family and others multifamily that's why you should definitely research more. 

Ask yourself, what are your investment goals? What are you hoping to get out of investing your $150,000? Think future.

You mentioned multifamily - have you thought about purchasing a small 2-6 unit property and living in one of the units. You basically get free living, some additional income and you may get equity from the property, long-term.

There are many ways.. but you need to find out what your goals are and what areas you feel comfortable investing in.