Where to put my 25-30k

[Dallin Huso]

Hi everyone!

I'm a relatively new investor, (I've done 1 flip, purchased 1 long term investment property, and listened to 1,000 BP podcasts!) and I have 25-30k that I'd love to invest by the end of the year. I do plan on getting another long term investment property soon, but I just purchased a home so I can't cash-out refinance for 6 months. So I'm wondering what my best option would be for this extra cash. Some suggestions I've received so far are:

1. loan it to someone who needs it for a flip

2. Buy a single mobile home

3. Invest it into a syndication fund.

Alternatively I could wait until I can purchase another home next year and use it towards that, but ideally I'd like to invest it this year for tax purposes. Would love to hear some thoughts! I live in the East Valley of the Phoenix market if that helps! 

Thanks!

[Jimmy Woodard]

@Dallin Huso I would suggest partnering with friends/family on a JV deal. Your experience makes you the expert in your network, and people may be willing to take a flyer on you with cash they have lying around and no idea how to invest it in real estate. Good luck in your pursuits!