Take a Walk in My Shoes
 

Early 20's.
Living in California with parents.
Looking to invest...
No experience in investing.

Interested in out of state investment properties.
Poker is sole source of income.

Considering taxes and my unique spending habits I have around 200k free to invest.

What should I do...

Probably not looking to buy a property in Cali
Looking for good hot spots around the country.

Also, should I consider buying a franchise. Don't know anybody who's ever done this...

Re: Take a Walk in My Shoes
 

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No experience in investing.

Interested in out of state investment properties.

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Why?

Re: Take a Walk in My Shoes
 

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I have around 200k free to invest.

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Where is it sitting now?

Re: Take a Walk in My Shoes
 

I don't think this is a good time to invest in real estate. The market is quite high, way too high in many places, and interest rates are rising.

And if you are going to buy and manage something yourself, it's better to get something close by, so you can be familiar with the market and visit and maintain and rent out the property on your own.

Getting involved in something out of state is much more risky. You have to find someone else to manage it and you won't be able to easily verify the condition of the property.

Re: Take a Walk in My Shoes
 

also, what are these "unique spending habits"?

Re: Take a Walk in My Shoes
 

You should get a grip on reality, buy your own home and move out of your parents house.

Re: Take a Walk in My Shoes
 

haha good one [img]/images/graemlins/smile.gif[/img]

Re: Take a Walk in My Shoes
 

Since Ed has already made the *exact same* post that I was originally planning to make, I'll do this one instead....

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Looking for good hot spots

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Why?

Re: Take a Walk in My Shoes
 

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You should get a grip on reality, buy your own home and move out of your parents house

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Houses cost a lot over here now (Southern Cal)...
If I move out I may just rent until things change.
I'm looking to invest my money in something low risk were I don't have to micro manage it too much.

Re: Take a Walk in My Shoes
 

Property is a pain in the ass to take care of. Dealing with renters, leasers, and contractors can be a serious chore. Ditto for starting a franchise. You will have no life with all the hours you have to put into it.

I would invest in a good mutual fund and start learning about the stock market through good books listed in this forum.