All Forum Posts by: Alex Smith

I understand. I will give a bit more information and maybe I can get a clearer direction:

Strategies I am debating are the following:

• Buy small lot and have a local contractor build a 3ba/2ba basic/value house so I can resell.
• Buy a manufactured home, place it on a lot, then re-list it.
• Rentals, but it is difficult to find any house less than 120k in my area that isn't slums. Typically houses are going for 200k.
• Try auction.com in hopes to find a decent priced foreclosure???

I have a high risk tolerance. I am a bit worried that the houseing market is nearing it's cost peak. I am a bit hesitant to buy in a rental knowing that the value of homes may stabalize or begin to go back down soon.

I would be willing to wait on a new construction to complete. Typically it takes new constructions about 6 months in my area.

I currently am living in a 180k property with 70k equity. I do not want to sell this now. 

I do understand the way money works, but would like to get a general idea of what a "go to" strategy would be for compoundable returns.

What are your thoughts?

Hello ladies and gentleman, 

I have been following this message board for a few months and have read the ebook from biggerpockets, but wanted to hear some first hand opinions on what you believe would be the best route to generate a profit and continue to grow my portfolio. 

I have easy access to $50,000 cash. I can get a loan for another ~$200,000. I have a close realtor/broker friend and also a few local general contractors, but I do not expect these guys to give out any great discounts to me. I may be able to work a deal with them after the first transaction.

Time is not a concern, but I would like to generate more profit than if I was to invest it in CD or stock market. I live in the outskirts of the Charlotte, NC area and have access to both rural and populated areas. 

What investment would you recommend taking when starting out with $50,000?