I need some direction for my capitial.

[David Huegel]

Hello BP community!

I need some direction from anyone with investing experience.  My wife and I are debt free, we have excellent credit.  We own a mobile home free and clear that we are currently renting to a single mom with 3 kides.  After expenses, we make about $150/month off of that property.  That property is worth about 50K fair markey value.   If the mobile home becomes vacant I can either sell it to purchase more buy and holds or I can raise the rent to where we would be cashflowing more like $650/month after expenses.  What would be your suggestion for that? 

We also have 60K cash and I want to know the best route to invest that money. I have been looking into turn key buy and hold companies. I'm not wanting to do fix and flips at this time. What would be your suggestions for the cash?

Any advice would be helpful!

Thanks!

Dave

[Jay Hinrichs]

David read the threads on Morris invest … you may change our mind about that company... MI is the gold standard.

and for pure passive being the bank in performing first trust deeds is about as good of mail box money as you can get.

As the herd floods to rentals.. being the bank is looking more attractive for those wishing to let this uber hot market calm a tad.