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What’s the best way to invest $100,000 in 2024? Should you use it to buy a rental property? Plug it into the stock market? Take a shot on crypto? Even if you don’t have this kind of money right now, it’s not too early to start thinking about how you would allocate these resources down the road. Today, Dave is going to share what he believes is the BEST way to invest this money!
Real estate remains one of the most time-tested vehicles for building wealth, and Dave’s most recent deal is a prime example of how a $100,000 investment can give you an asset that grows in value over time, delivers annual returns that outpace the stock market, and gives you passive cash flow in retirement. As he walks you through this deal, you’ll learn about his retirement goals and buy box, how he found the property, and the simple changes he made to increase rents and property value!
00:00 Intro
01:32 What Are Your Goals?
03:03 Dave’s Recent Deal
07:35 What Makes This a Good Deal?
08:46 Renovating the First Unit
11:08 Renovating the Second Unit
12:19 Deal Recap