Best way to Invest 120K while in CA?

[Ruben Esparza]

I am trying to brainstorm better ways to invest 120K, instead of 20% down payment for a primary residence in CA.

I am considering buying a SFH or duplex in regions I would like to relocate to in future (Nashville, Orlando, Charleston).

I live 90 minutes from Bakersfield which is a rare affordable market in Southern CA. 

I am open to all ideas and figure many will involve Mid-West. I am living rent/mortgage free in Townhouse I co-own with Parents.

Thanks for input!

[Mark Albini]

@Ruben Esparza Hey Ruben ,

You are right. That money is absolutely worth investing to generate some positive cash flow.

I like that you have already thought of the Midwest. I used to live and invest south of Camp Pendleton in Oceanside and Vista. And you know. 20% down is, if not more, than $100k. Yikes.

I am now in Evansville Indiana, and help many OOS investors like yourself achieve financial freedom with long term buy and hold.

That $120k out here can go a long way and produce 20-30% ROI annually while allowing you to diversify.

Diversification is key as it allows vacancies, non payment, etc to not affect you as much.

Let me know if you'd like more info