05 Aug If you had $300K to invest in realestate how would you do it?
I basically live check to check with zero ability to save because things are so tight. There’s not much room to cut expenses either.
I do own assets though and am about to inherit some more money next year. If I sold everything I could probably get about $300k next year. One asset is a house I own in the USA (I live and work in Japan) that I bought for $105K and renovated for myself, and is now valued at $160k (not calculating renovation, only based on values increasing in the area).
I want to get some passive income to supplement my salary here. And probably won’t be able to go back to the US to manage things, except for occasional trips, and I’ll be spending time with family on those.
Here are a few options I considered: A) own 3-4 properties outright, live fairly comfortably and save to buy another in cash in 5 years or so.
B) get about $800-1000 from my current house to let me live slightly easier and buy 5-10 properties with 20% down.
C) keep living paycheck to paycheck and sell my house and buy 10-15 properties with 20% down on each. This seems like high risk.
I’m still in the early stages of research and don’t even know how these kinds of loans would work. I’m sure it’s not going to be that easy to get a bank to make that many loans in a short period of time.
I guess I just want to hear opinions and possibly strategies that I’m not thinking of. Or up-sides-down-sides that I’m not seeing to my strategies.
-Also, not really considering investing in Japanese realestate, only US.