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Updated over 6 years ago on . Most recent reply
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looking to invest so i dont have to work anymore
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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- Lender
- Lake Oswego OR Summerlin, NV
- 62,997
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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.
- Jay Hinrichs
- Podcast Guest on Show #222
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