I have $200k in capital. Any ideas on new startup or investments? I was thinking rental properties but have never gotten into real estate.
There are plenty of ways to make money. Choose something that makes you happy. Money shouldn't be the only motivation in life, you want to feel fulfilled.
As for real estate, I have purchased and/or sold at least 15-20 properties in the past 15 years. Buying/selling raw land is the easiest to deal with. Being a landlord and dealing with renters can be lame, so hiring a property manager would be a better use of your time. You don't want to waste your time being a handyman either. Residential properties cashflow if you're lucky, and you've got to wait years to build equity, but if you repeat the process over and over again you can build a nice nest egg. Me personally I find this a little boring, but I still dabble in real estate because they aren't making any more real estate and in the end land will increase in value.
You aren't getting any younger and time is precious, more precious than money, so make sure whatever you spend your time doing, you are enjoying yourself. Good luck!
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