Originally posted by @Lexi Teifke:
@Tessa Malmgren I would start with defining your goals with the money and then working backwards. Do you want to buy something with cash flow, equity, both? Do you want to be active or passive ?
Lot of options with 250k. Personally I would leverage it and try and buy 3 or 4 properties. I would try and get each property 30k - 70 k below what I truly believe it is worth. Be patient and consistent and you can find these deals. You could also put 250 k into a passive investment and get a 12 % return every year. I see deals all the time like this. There is also the hard money route. You could make a lot of money if you lend your 250 k out at 2 points 10% interest and do that 4 times a year. All food for thought. Reach out anytime and have a great Sunday. TRE.
Thank you Lexi! Our biggest goal is to replace my income, so I can do this full time. We are looking at starting a family here soon, so that's another reason, more family time- less time clock. The hard money idea is a great point! Love your insight, thanks so much for the advice. Also, I'm pretty new here, what does TRE mean?
