Quote:
Originally Posted by Alex BongaCash
I would say property is really good and safe choice now.
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Typically, I'd say $100k isn't a lot to play with in real estate, but I'm in LA. Old school real estate investing was buy a lot of land for dirt cheap and hold on to it, then sell when development reached the area. It's how some Hollywood people really made their money Buck Henry made more than he ever would in TV. I believe Bob Hope and Johnny Carson also bought empty land and just held onto it until developers came in.
Buying land in places like Nevada and Texas or even condos, has potential. At the moment, a lot of corporate investing is going into buying homes. If there's a place to buy in under $100k, it would be something to look in to.
PS: Renting out has issues. I have a friend who is loosing her condo in San Diego because she can't collect rent due to covid. There were a lot of maintenance problems to boot.