Forgotten Your Password?

Need to Register?

Question Icon

Should I invest my money in or finance?

OK, long story short... I bought a unit with 20% down about 5 years ago, fixed it up very nice, rented it out, paid off the mortgage note, sold it, saved up more $, and now I have just under $250,000 in my high yield money market savings account. In the midst of council there is wisdom, so how should I invest this chunk of change? I live in So Cal, I'm ambitious, I want to buy as many units with as little $ down as possible, I know of and greatly respect the 2% rule, I'm still alive; age 25, I'd like to buy and hold individual units as a landlord, I like the idea of my own LLC, I'm married with a daughter, just got a CA Real Estate Sales License, just signed with a broker who does real estate and loans, I love quality time with my family, just got out of the Navy, and I'm ready to consider all advice! What should I do? How can I maximize the # of units I can buy? Thanks for your :help: and please assume I know nothing except 3rd grade English. by peggyj_593_204 from Irvine, California. Mar 5th 2012 Reply


Alexander K (alex@ogimb.com)
#398 ranked lender in California - 56 contributions

you should call me. I have some great contacts for you in my building. alex 213-281-1789.

Mar 5th 2012
0
0
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 1,823 contributions

Anyone who can by a rental property, fix it up, rent it, pay it off and sell it for a nice profit in under 5 years is a little more than ambitious. Kudos to you. There are many things you could/should do, and I think it would be a lot easier to do this with a phone call. I own multiple rental properties in the Phoenix area, both SFR and multi-family buildings and have great experience in this arena. I can share with you the pros and cons, both as a landlord, and from a lender's perspective. I do not hold a California license, so I'm not going to try to pitch you. Click my picture to find out more about me and how to contact me. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Mar 5th 2012
0
0
Subscribe to our news feed.