Cash To Start... But Dont Know Where
I have about $200,000 after a refi, but dont know what avenue is the best to start. My objective is to try to generate more cash short term to eventually be able to keep some properties for long term cash flow. I am thinking of rehabs as my way to start but are there any other options that can generate cash faster. Any input would be great. Thanks 
To be honest with you, your education is your best investment. Many will tell you about the avenues they have walked and the end result of all of them will be money. You can invest in defaulted paper and make some things happen. You could become a private lender and not touch nail and grow your 200K exponentially. Invest in the education, know what your options are, and then dive in.
It's not what asset you invest in, it's all about the system you follow. These guru investors are not selling get rich quick schemes, however they are providing you with a system. Study first before you make a $200,000 dollar mistake.
[addsig]
You should invest in Manhattan real estate.
Hey nebulousd,
Tell him which course he should go for first...
clear2close
[addsig]
That depends on the avenue you want to go down. I do Sub To deals so I've studied Ron Legrand and John Locke.
I want to get into Apartment Buildings so I'm taking Dave Lindahl's bootcamp. I'm not a rehabber so I wouldn't know which direction to point you in. I'm very focused on Sub To because that is a system I want master, automate it, and turn it loose. Then I plan on branching off into other avenues...ie Apartment buildings. Find something that interest you and learn it. then dive in.
[addsig]
Thanks for the replies. I have read many books on rehabbing, lease-options, foreclosures, and general REI. However, I am confused on which avenue is a good foundation to start with.
Hi, I think you should get some "quite mind vacation" maybe 10 days, because you are confuse, after your quite mind vacation is over, you will need a plan to follow, because when things confuse you, mistakes shows up, however with a written plan, you just follow it and forget about negative thought or "what ifs", if you want to retire young and retire rich you need to be on the fastest track, so go ahead and plan one!!! "sorry about my grammar mistakes , english is my second lenguage"
I would put my $200k somewhere safe for a while whilst I worked some small deals and learned some of the games that are played. You are going to make mistakes, you are probably going to lose money. Don't let it be $200k on you first deal.
peter
Hi Aparicion,
A good place to start is by locating and marketing to motivated sellers. One good way to do this is to market to preforeclosures. There is a lot of money to be had in this category, both in straight buys and short sales.
If you have a good foundation of real estate knowledge, spend some time watching the sheriff sales. When you have reached a comfort level, this is a good profit center as well.
Expired MLS listings may be another good source to market to. Since there are so many areas that you can move forward with, it is truly a personal choice of what you specialize your efforts in!
Best of success!
BAMZ
You might pursue an avenue that favors your strong cash position. One possibilty is bank REOs (Real Estate Owned). If you pick an area with a high foreclosure rate you will likely get very good discounts with cash offers. You can refi your cash back out and keep the property and look for the next one or you can turn around and sell it at FMV. There are some areas where banks will give additional discounts if you buy several at a time.