I have $70k cash. What is the best way to use it?

[Neeraj Mahajan]

Hi guys. I am a newbie here and have been learning on this website plus google forums etc. I understand there are multiple ways to make secondary income but I would love to get some suggestions on what do you guys think is the best step forward if you have $70k in cash?

1. Get loan on $70k down payment as 20% for about $320,000 and try and buy multi-units in that price?

2. Buy a home for $70-$100k and pay it fully and put it on rent?

3. Buy a home for $70-$100k and then fix it up and sell it?

4. Put $20k in 3 different houses worth $100k as down payment and buy it that way and put them on rent?

Anything else you guys think would be better? I am in Atlanta, GA and would like to keep my first buy within this state. What do you think is my best bet?

I am kind of lost as to where to start from?