I have 100k, where to invest?
I will be starting a job in San Fransisco soon. Should I put this money as my down payment and buy a property? Or should I invest the money and rent a place? If investing is the answer please give me suggestions, I'm a noob! In general if you have some sources that I can educate myself with please share them here.
Is that 100k a sign on bonus?
No
If you just have 100k laying around liquid, real estate in the Bay is not a great idea if you dont already have a diversified portfolio. It's hard to find a place that'll cash flow if you're living in it. It's possible, but you'll have to search for a while and hope to not be outbid by someone that just intends to live there. I'd wait for the colder market and hit it aggressively if you're hellbend on getting SF property. Out of state real estate investing is an option, but consider your options carefully. Imagine you were given a home worth 100k somewhere in America, where in America would you keep this house over selling it and putting that money into investments? Ignore transaction fees. That's where you should do out of state real estate investing. If you go this route, HMU for advice. There are also a few real estate meetups here where you can network, sell deals, buy deals and such. It's better to get your feet wet with these sort of meet ups than to dive in on a mortgage in an unknown city months (or days) away from an impending recession. You'll also need to form relationships with at least one real estate agent, so these meet ups should be a first step even if you do decide to go all in on a mortgage. GL mate and if you find success or learn a hard lesson, please write about it :)
I'd say propery but you don't have nearly enough so invest
Hiw much is enough for down payment of a mortgage?
20%
Take 20k and buy 3 month put contracts on CMG.
I would actually say rent for 3-6 months at least. A year might be preferable. It will take a while to find a property you like that others don't outbid you on. Get a good realtor.
Definitely, but should I keep cash meanwhile?
Yes you should withdraw all your money and let it ferment under a mattress.
LJL 100k for down payment in SF. Hilarious
R u trying to buy a mobile home? Use the 100k to invest in a house in Austin possibly and pay part of your rent in SF. Thank me later.ππΌ
Franchise an Albertson's
Buy a property in SF you mean 100M no 100k ?
Is 200k enough for downpayment?
For a 1M shack, yes