What would you go with $150k?

[hatterasguy]

No offense your question is extremely general, as a result your getting general responses. Since you asked a general question I just assumed you didn't know much and were just curious.

SteveO did a very specific type of apartment investing, as did Gus, as I said above there are many, many different aspects of real estate.

Steve and Gus bought undervalued and under performing buildings and turned them around, what they did requires a lot of expertise and cash, but you certainly can do it. Since you already are involved in real estate I assume you know any building over 5 units is commercial and you will need to put at least 30% down and have strong cash reserves and a bit of a history in the business to get a bank to lend to you. Anything less than 5 is residential lending.

How much research have you done on your local market? What is the supply of rentals at different price points look like? What's on your local MLS in regards to multi unit buildings?

 

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[Rem]

O dep'v eptxis gus epzupi imti cav og O jef vjev lopf ug nupiz O xuamf qsucecmz gopf 2-3 opvispiv tvesv-aqt O siemmz cimoiwif op epf opwitvif op vjin, hivvoph et nepz tjesit ug vji catopitt et quttocmi.

Vjev't xjev O xuamf fu qistupemmz. O vjopl e muv ug qiuqmi xuamf veli $150l epf tqipf ov up vuzt vu neli vjintimwit muul sodj. O xuamf opwitv ov opvu tvesv-aqt. Sotlois, cav vjev't katv ni.

 

[ChrisRempel]

O dep'v eptxis gus epzupi imti cav og O jef vjev lopf ug nupiz O xuamf qsucecmz gopf 2-3 opvispiv tvesv-aqt O siemmz cimoiwif op epf opwitvif op vjin, hivvoph et nepz tjesit ug vji catopitt et quttocmi.

Et ep opvispiv haz nztimg, O xuamf ci qsivvz deavouat ecuav fuoph vjev.

Opvispiv tvesvaqt esi tvomm e foni e fubip. Cav qiuqmi xju edvaemmz lpux xjev vjiz'si fuoph epf jewi e vsedl sidusf esi wisz, wisz sesi.

Sesis tvomm ot tuniupi iyqisoipdif, jet e vsedl sidusf epf ot fuoph tunivjoph vjiz'si emsiefz huuf ev op vji teni nesliv et xjisi vjiz'wi jef qsiwouat tadditt - xjisi zua dep caz op et e tjesijumfis.

Og zua gopf e dunqepz xjuti fosidvusevi niivt vjuti qesenivist, VJIP - qav ov up zuas tjusvmotv gus gasvjis fai fomohipdi.

Vji aqveli ot jahi, cav vji ufft esi cef.

Puv vszoph vu fotduasehi - katv vji uqqutovi. O'n tezoph zua'wi huv vu muul JESF, cav fuoph tu ot ximm xusvj zuas xjomi.

-Djsot