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All Forum Posts by: Felipe Burga

Felipe Burga has started 1 posts and replied 3 times.

Buying & Selling Real Estate

Post: I'm going to inherit $200K. How can I invest it?

Felipe BurgaPosted
  • Posts 3
  • Votes 3
Quote from @Restyn Robbins:

You could use the money to purchase a primary home and live in, start building equity instead of the money sitting in a bank. When you're ready, go buy another primary and turn this one into a rental. At least your money is working for you in this scenario. 


 I already own a home. Where else could I put it? CA is too expensive

0 Votes
Sacramento, California
Buying & Selling Real Estate

Post: I'm going to inherit $200K. How can I invest it?

Felipe BurgaPosted
  • Posts 3
  • Votes 3
Quote from @Bill B.:

Please put it in a Cd and earn $1,000/mo while you study and learn. 

I honestly believe you have zero chance of making $1,000/mo in real estate as a beginner based in California. 

I thought about putting it on CD, 

 What about buying property outside CA?

0 Votes
Sacramento, California
Buying & Selling Real Estate

Post: I'm going to inherit $200K. How can I invest it?

Felipe BurgaPosted
  • Posts 3
  • Votes 3

Hi,

I'm about to inherit around $200k. How can I invest this money in real estate? Specially with complicated the market is at this time. I have been trying to simulate different scenarios by buying property with 20% down and none of them show a positive or not even close to be breakeven.

I'm willing to invest in different states but all this is new to me and it's complicated.

Thank you.

3 Votes
Sacramento, California