Best way to invest 100k, any ideas?

[Andres Jaramillo]

Hello guys,

As of right now I have 100k available to invest that I earned in a house deal and savings. I currently own 2 property which one is my principal residence and the other one I am renting it and making 500 per month profit on it. I really like the idea of buying a property and getting some stable cash from it, that is why I am thinking a multifamily property will work great for me. I also have the advantage of having some family members that can help me with the management and maintenance. I could increase the cash I have up to 140k since I could get some money out of my 401k and also trough some friend loans (I prefer not to do this). I have read a lot and I still have the following questions:

1) Any other ideas of investing this money instead of multifamily?

2) Do all the lenders required at least 25% down? 

3) I applied with 2 lenders and they offer me the same 4.75% interest rate and 25% down, is this a good deal?

4) I have my eyes in this property which I think I could buy on 435k. It is 4 units, it is well located but I have to pay HOA on it. In order to get this I will have to put down ~120k. The numbers tell me I will make ~600 per month including all the expenses on maintenance, vacancy, etc. This give me a cap rate of ~5.9%. Do you think this is a good deal? I just don't feel making so little when I am spending all my cash but what do you think?

5) Do you guys have any number rule on multifamily properties, like the cap rate must be at least this or something like that?

My goal is eventually own a big multifamily property or several ones. I like managing the property and collecting the monthly cash. I don't have much experience on real state to really know the best move to get me to my goal

Thank you