Originally posted by @Chinmay J.:
@Fareed Zahid - First of all, I wouldn't advertise openly too much that you have money and how much exactly you have. Here, on this forum is OK (because you are getting advice), but I am talking about going out and about when interacting with people on more personal basis.
As far as what to do, it entirely depends on your goals and dreams. You can buy and hold large multi family commercial units. About $1 million range if you'd like with 20-25% down, or join with other investors and get even a bigger property, or you could start multiple fix and flip projects. You could get into note investing and become a banker (of sorts). It all depends on what you want to do. Each requires a separate skill set that you need to acquire.
Personally, I would have done a lot of reading, learning about real estate without spending lot of money. Most of the things you need to know are available right here on these forums. I would have just spent good 5-6 months absorbing knowledge. Then I would start a few fix and flip projects to grow $300K. Once I reach about a $1 MM range, I would invest most of the money in big multifamily projects. Good to start locally, and then expand in other parts of the country is my motto. But that's me. Not you. You need to decide what works for you, and what doesn't.
Good luck.
Thanks for the quick response Chinmay. I wasn't even sure if I should disclose the amount here, but I felt it was better to do so to get feedback from community members. I will refrain from sharing this info otherwise.
As for you investment strategy, that's where I am at the moment - almost down to the tee. I've been reading and absorbing as much as I can over the past few months, and will continue to do so even once my funds are available here. Once I feel I can make an educated investment and the right deal comes along, I will look to move on it ASAP.
