I live in Toronto. What's the best way to invest $15K cash?

[Aqil Raharjo]

Hi all - I'm a young professional starting out my real estate investing journey. I have a mortgage based on my current salary, bought a Toronto 1-bedroom ($480K) as my primary occupancy in December 2020. I put 20% down.

I have $15K saved up now and a bit of home equity (though I believe I'll need to requalify if I'd like to use my HELOC) and am wondering if folks have any proven strategies I can consider to purchase my next investment within 5 years time.

Willing to rent out the current unit and house hack but not sure if that's feasible given my situation. Is doing partnerships the only strategy that makes sense?

Thanks in advance.