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]

I can't answer for anyone else but if I had that kind of money I would probably find 2-3 internet start-ups I really believed in and invested in them, getting as many shares of the business as possible.

That's what I would do personally. I think a lot of people would take $150k and spend it on toys to make themselves look rich. I would invest it into start-ups. Riskier, but that's just me.

 

[ChrisRempel]

I can't answer for anyone else but if I had that kind of money I would probably find 2-3 internet start-ups I really believed in and invested in them, getting as many shares of the business as possible.

As an internet guy myself, I would be pretty cautious about doing that.

Internet startups are still a dime a dozen. But people who actually know what they're doing and have a track record are very, very rare.

Rarer still is someone experienced, has a track record and is doing something they're already good at in the same market as where they've had previous success - where you can buy in as a shareholder.

If you find a company whose directorate meets those parameters, THEN - put it on your shortlist for further due diligence.

The uptake is huge, but the odds are bad.

Not trying to discourage - just the opposite. I'm saying you've got to look HARD, but doing so is well worth your while.

-Chris