If you had a 100k to invest what would you do with it?

[Jayden B.]

I live in Salt Lake City, Utah and as most know the market here is among the most inflated across the country. I was lucky enough to get ahead of the curve and purchased a townhouse in august of 2020. I currently have about 100k in equity to date from when I purchased. The plan was originally to rent the basement as studio apartment just to help out with savings, while the basement is yet to be completed I started to rent one of the upstairs rooms until it is. Meanwhile as the housing market is holding steady and median house price hasn't changed much in the last 6 months. I can't help but worry that I need to make a move and secure equity in my house before its too late.

That brings me to the next question, where do I go from here? I make about 80k a year and have little to no debt (not including the house) no car payments and a decent amount in savings. I don't know what is the best move in finding my next investment. House flipping isn't really a thing here in Utah, because everyone is willing to spend millions on houses that are trashed and from the 80's because the market is still so competitive even with things slowing down. I thought about doing a cash out refinance and looking for a rental property to fully rent out the entire space. I even thought about a commercial property, maybe even a plot of land for storage just to generate some limited attention properties because I work 12 hour days 5 days a week. I have a lot of ideas and I know whatever direction I go, there is enough info online that I can figure out how to actually carry out on project. I'm just still a little lost and what way would be the best for my position to get maximum leverage on my equity income.

I would appreciate the input!