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Updated over 6 years ago on . Most recent reply

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Kyle Granes
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looking to invest so i dont have to work anymore

Kyle Granes
Posted

i have 100k saved up i dont want to work anymore because its trades and i cant do it with my body any longer. can someone please help me on how i can get freedom 

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,997
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42,756
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

real estate is anything but no work  yes limited to no physical work but to be able to live off of your investments takes time and frankly more seed capital. 

but the biggest bang for your buck with 100k 

is going to be using it as a downpayment and do fix and flip... but you need to be very cautious.

depending on your market this could be one or two flips that would make 20 to 30k each and you could do two a year.

not sure if 40 to 60k a year income would do it for you.. some it will some it wont.. rentals NO way no how not in todays markets..at least to start.

you could do the BRRR pay cash and refi.. but yoiu need a job and great income to refi.. ? so it all depends.

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JLH Capital Partners

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