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Updated over 10 years ago on . Most recent reply

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12
Posts
1
Votes
Cesar Perales
  • Real Estate Investor
  • Mcallen, TX
1
Votes |
12
Posts

How to invest 70k, with a good return?

Cesar Perales
  • Real Estate Investor
  • Mcallen, TX
Posted

I flip houses here in south texas, but the competition is getting hard.

I want to know another way to invest my money in real estate market.  (70k) and receive a great return...

Thanks 

Most Popular Reply

User Stats

280
Posts
98
Votes
Darron Stewart
  • Investor
  • Hattiesburg, MS
98
Votes |
280
Posts
Darron Stewart
  • Investor
  • Hattiesburg, MS
Replied

@Jaccob Heath 

There is a third alternative, the property is worthless, has a federal lien, was a dump site, the property is nearly a quarter acre at 9 ft x 1000 ft, etc.  But those are the exception!  With proper research, those issues can mostly be avoided... 

@Cesar Perales 

As Jaccob mentioned, tax liens could bring in 10-15k per year, but so could an investment property, both would pull in good return...If I were in your position, may try to buy a fixer-upper and get some instant equity on a single family, rent it out then take the excess rent and stick in liens...  I would look for a 100k after repaired value house for 40-60k, put a little $ in it and hope to pull 10k/yr out to put into liens, after about 4 years you would have a house worth about $100k and around $60k in tax liens pulling in $20k, now either buy another property or invest in more lien and in 3 more years should be to 30K/yr...would guess that the 70k is now worth about 250k after 7 years!!! 

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