Where To Invest $45,000 Cash-out refi

[Jorge Ubalde]

Hello everyone - I figured I bring this to the forum for some suggestions/recommendations. I recently got back into the REI arena, by refi my rental property here in Miami. I was able to cash out $45,000 and still have a CF of $400/month in ghat property. I am undecided as to how to best leverage the $45,000. One scenario - use private money (12-18 months) instead of using $45,000 to purchase my parents townhouse currently worth $190k, I would offer them $140,000 and while I wont make any money with my parents living in the house, the equity will give me the opportunity to withdraw funds in the next 12 months. Of note: the rental price point for a 3/2 townhouse in my parents neighborhood can go as high as $1800. This property would be a buy/hold for future gains. Scenario 2 - partner with another local investor and use half of $45,000 to pick up a multifamily as long as numbers make sense, allowing me to keep the other half of my $45,000 to do the same thing within the next 6-7 months. Scenario 3 - go all in and use 45,000 as a down payment on a SF or multifamily. Thoughts? Thanks in advance for taking the time to read my post.