Brendan Duggan asked 7 years ago
Hi David, I\’ve read your articles on Bigger Pockets and wanted to reach out to you seeking advice on my current situation! I\’ve invested in real estate and have been studying and analyzing properties for years. All i\’ve been able to do is buy ready to go tenant already in place properties because I was nervous at the beginning. I bought my first primary home in Florida and it was a short sale. I lived in it 2 out of the last 5 years and I\’ve decided to put it on the market. After all is said and done and it\’s sold, hopefully soon, I stand to NET $150,000. Now, my quandry is, I want to put that money to work for financial freedom. I\’m unsure if I should: 1) buy a home or two in cash or even a multi-unit building and collect the rents, 2) keep the house as a current rental but take out a refi on it and buy another rental house, 3) Use that money and be a private lender, or finally 4) partner with a General Contractor and start flipping REO properties! Having the future funds poses more questions that I thought would be possible. I\’m very ambitious in the real estate and often find that I \”want\” more than i can afford! Any advice on strategy of what you would do with a large sum of money can only help me and I\’d appreciate it very much! Thanks for your time David! Brendan Duggan brendanduggan8@hotmail.com
