25y/o no debt, 1 house, 60k in the bank. Now what and where

[Thomas Slocumb]

Hello great people in the bigger pockets community. I want to keep this short and sweet and hear where and what people think I should invest in.

I’m 25, 0 debt besides my mortgage. I live in a house in SoCal with 2 roommates who pay me rent. I make 120k gross a year from my 9-5 and do real estate on the side (licensed realtor, usually do like 3 deals a year ish.) currently have 60k in the bank. Do I invest now and do I go out of the state? Do I wait a year, stack more paper and get my 2.3% money market return on my savings for another year or so and grab more units all at once. If you have time, Tell me your thoughts and why.

Thanks a lot.

[Jim Pellerin]

@Thomas Slocumb you could always look into investing in private mortgages for a short period of time. Private mortgages can pay anywhere from 10% to 15% and come with a lot of security ... the property. That way you can keep your other jobs and have a passive return on your investment right from the start.