What to do with $10k

[Grace L.]

What’s the best use of $10k-$15k in cash?

[Daniel Lane]

With a similar amount down payment (about 20,000) I looked for a house hack opportunity in my area (Vancouver, Wa). The market here is insanely hot so trying to find a good deal was tough. Looking at townhouses with low to no HOA dues was my plan. I was able to find a townhouse from a wholesaler that needed next to nothing done to it. All said and done I purchased the house for $295,000 and it appraised for 328,000. I now have two roommates paying me 1200 a month. I pay very little to live there and pay off my mortgage. A similar plan would work well for that amount of money. My down payment was 5 percent of the purchase price.