How would you invest 50k?

[James Jones]

Hello Everyone, really looking for advice on what our next move should be to start our real estate investing journey. 

We currently live in a 3bed 2bath home with a $1500 mortgage. Looking to purchase a second home as our primary so we only need to put 5% down. We then will start renting our our current home for around $2k/month. 

We have 50k for a down payment but not sure if purchasing a second home in the Portland/Vancouver market is smart due to how inflated the homes are. But we also don’t want to sit on cash for to long. 

How would you invest 50k and you lived in a current home that would cash flow if rented? 

All advice would be highly appreciated:)