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Updated over 2 years ago,

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Deborah Fung
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What do I do with 200K cash?

Deborah Fung
Posted

After losing my husband last Sept, I used his life insurance to pay off a property in Colorado which I will move to from Texas next month. Our Texas property is also paid off.  What should I do with the remaining $200K cash? Buy a property in cash and rent them out? Put only 20% down to get a conventional loan? Get equity out of my houses and use them to buy a property?  Do I wait until the recession kicks in to buy or shall I buy now?  I am a newbie and am very cautious about flipping.

Thank you.

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