How to use my 70k cash?!

[Katrina Morato]

Hi everyone!! 

I need ideas on how to invest my $70k cash. A little about me, my husband and I are both AD military and stationed in Norfolk. We have 2 short term rentals, 2 long term rentals and also house hacking.

My question is- how do I invest my $70k in a way that it makes the most returns?!

Options-

*paying off our condo and use the extra money for monthly cash flow. 

*use as downpayment for another property (probably a flip from a hard money lender) 

*stocks?! 🫣 never tried that before! 

*save enough money to buy a property and BRRRR?!

Any advice is greatly appreciated!!

[Alex Breshears]

Hi Katrina! Like others have mentioned, it is going to really be a matter of how active/passive you want to be, and also what timeline you would like access to the capital again. For example, unless you buy a deal with some equity, your 10% to 25% equity downpayment is likely locked in the property for at least a few years. I personally really enjoy private lending, and it would be easy to get $700 a month of an interest only payment coming in each month. There are markets where that amount could be a 1st position loan.  I have a book that was just published by BiggerPockets about private lending in case you are interested to learn more, but also feel free to send me a message. Always happy to chat about private lending as a strategy.