I have $200k in capital. Any ideas on new startup or investments? I was thinking rental properties but have never gotten into real estate.
There are plenty of ways to make money. Choose something that makes you happy. Money shouldn't be the only motivation in life, you want to feel fulfilled.
As for real estate, I have purchased and/or sold at least 15-20 properties in the past 15 years. Buying/selling raw land is the easiest to deal with. Being a landlord and dealing with renters can be lame, so hiring a property manager would be a better use of your time. You don't want to waste your time being a handyman either. Residential properties cashflow if you're lucky, and you've got to wait years to build equity, but if you repeat the process over and over again you can build a nice nest egg. Me personally I find this a little boring, but I still dabble in real estate because they aren't making any more real estate and in the end land will increase in value.
You aren't getting any younger and time is precious, more precious than money, so make sure whatever you spend your time doing, you are enjoying yourself. Good luck!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
