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Updated over 4 years ago,
Best way to invest 60-70K for passive income??
Hello all, my goal is to achieve financial independence through passive income and I am very excited to begin investing in real estate.
I am in the middle of a cash out refi on my only rental property and I expect to pull out around 60-70K.
What is my best/realistic option at making the best use of this capital?
I am completely new to real estate investing and would appreciate any pointers from experienced investors.
Thank you!!
PS I live in Milwaukee, WI and the market is very hot right now. Duplexes in my area go from 75-150K and I would like to invest in more of them or even triplexes or fourplexes.