Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
$80K Cash- What should I do?
Hello good people,
I worked hard and saved $85K cash. I wanted to know what are my best options to invest this and start earning some income. I am open to any idea that would generate a revenue stream without a lot of headaches as Im continuing to work two jobs. I have researched all over and thinking of a couple of moves and would like some expert opinions:
1) What do you think of Roofstock- my only fear is hidden costs, or tenant turning into squatters, or no tenants after a few months- how to mitigate these issues. Is Roofstock a good option.
2) Buy a home purely for investment, around a $150K home with a $1500 rental income and put down $85K cash and mortgage the rest
3) Is there any business that I can invest in which could generate $1500-$2000 after all expenses , without the need of me being there?
Please advise as any information would be highly appreciated.
Thank you
A.J