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Updated over 5 years ago on . Most recent reply

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4
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Cihan Sahin
1
Votes |
4
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Where to invest 100k?

Cihan Sahin
Posted

We have a home and a mortgage about 4k a month. We have about 100k cash in the bank.

Where should we invest? What you think?

- down payment for a 500k apartment in a prime location and rent it out. Short term or mid term.

- buy a single family house away from city for flipping

- buy multiple properties in a city like Detroit and give it to property management companies for rental.

- inves in stock market

- keep cash

- put the money in current mortgage to reduce  monthly

Thank you!

Most Popular Reply

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1,735
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Travis Biziorek
  • Investor
  • Arroyo Grande, CA
1,855
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1,735
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Travis Biziorek
  • Investor
  • Arroyo Grande, CA
Replied

Like @Jamiel Strickland said, what are your goals?

Investing in your education is overrated, at least in the traditional sense. There's so much free content available that you'd be silly to pay for courses, seminars, etc. Read everything you can, but not so much you don't take action. When you start hitting diminishing returns from research, get out there and do a deal. You'll learn far more from doing than you will with a course, seminar, or just reading forums and articles.

Also, putting money into your current mortgage won't change your monthly cash flow unless you refinance on top of it. All it would do is change your payoff date.

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