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Updated almost 7 years ago, 02/21/2018

User Stats

73
Posts
16
Votes
Joseph Rios
  • Investor
  • Paterson, NJ
16
Votes |
73
Posts

Need Ideas of where to invest extra cash

Joseph Rios
  • Investor
  • Paterson, NJ
Posted

Hello BP community,

I have about 15k in savings. Where can I invest this small sum of money (compared to the loads you need in order to purchase an investment property)? I was thinking of getting my sister to buy a multifamily unit using a conventional 5% down loan and use me as a cosigner so she can qualify for more (I already used up my first-time-home-buyer-owner-occupied-5% down conventional loan). I live in NJ so any ideas are welcomed.

Thanks!

JR 

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