HI all. I live in Southeast Texas and currently trying to have 50k cash to invest. I am thinking about buying a piece of land maybe for about 30k, getting a loan for it, and use the 50k to buy a property/mini homes for rental. Mini homes should cost about 25k. Rental should go about 1500 a month.
Or should I just put all the money somewhere else? If so, where?
Safest way are index/ETF funds.
Have you considered other investment options besides Real Estate?
Diversification is important.
Real estate is tricky unless you really know what you’re doing and even then it can be a gamble. Unless you already have 6 months worth of expenses set aside as an emergency fund, do that first. Then consider tax deferred retirement such as an IRA. Index funds/ETFs are much less of a gamble.
Bend over and I’ll show you, shit I’ll bend over you show me.
None of us can answer this. We know nothing about you.
I put extra $50k from business into index funds and just don’t think about it. But I’m boring.
It would be FAR simpler to just buy JEPI/JEPQ and get a paycheck the first week of the month instead.
Real estate is a hassle.
Greer said:
It would be FAR simpler to just buy JEPI/JEPQ and get a paycheck the first week of the month instead.
Real estate is a hassle.
How much would this paycheck be?
Buy 50k worth of expensive fine wines.
Roll it in olive oil and shove it up your bum /s
Probably ETF.
I like to take passive positions in commercial real estate deals. A variety of risk/reward profiles and deal timelines. I’ve invested just over $1M into various deals and have seen lots of success with them. I typically target 15-20% average annual returns or so.
What is your financial situation?
Do you have 6 months of emergency savings in a High Yield Savings Account?
Do you have a Roth IRA, IRA, etc for your retirement?
What is your debt situation?
Buy the land and rent it out to people who want to put mini homes on it first. If that brings income, use it to buy mini homes to rent out. If it does not bring income, there probably isn’t demand to live in that location in a mini home. Tbh, my guess is that mini home living in a remote place has very low demand.
Bet against the Harlem Globetrotters in a game.
Same situation, I do not know what to do with it? DM me if you wanna chat.
Put it all on black.
S&P 500 index fund until you learn more about investing.
I can suggest a new idea for passive income.
… in my bank account.