Best way to invest invest 60k cash

[Kumar Gaurav]

Hello

I am currently located in California close to San Francisco. Appreciate if anyone can share best way to invest 60k for a positive cash flow

Thanks

[Chris Coleman]

@Kumar Gaurav $60K can definitely get you nice cash flow, but the type of investment will really depends on how active or passive you want to be in the investment.  $60K is not going to go very far in the SF Bay Area, or much anywhere in CA, so you're probably going to be looking out of state (OOS).

In that case, if you want to be VERY ACTIVE, then $60K can Cash Flow pretty well finding a Class C/B property, renovating it, and renting it out using the BRRRR method in certain markets in the Midwest or Southeast. You can lookup what the BRRRR method is here on BiggerPockets. Again, this strategy will require you to be VERY directly involved.

If you only want to be partially active, then you can definitely purchase cash-flowing Turnkey OOS properties with $60K in places like Kansas City, Memphis, Oklahoma City, St. Louis, Jacksonville, and others.  Again, you can lookup what the Turnkey method is here on BiggerPockets, as well as Google.  The nice thing about Turnkey is that the rehab is already completed and it generally cash flows from the first month of purchase.

Finally, if you want to be completely passive and have essentially no involvement in the property, then you can invest in multifamily syndications with as little as $25K-$50K.  While not all do, there are plenty of multifamily syndications that provide Cash Flow from the beginning on a monthly or quarterly basis.  Be aware that many of these require you to be an accredited investor, so you'll need to know that.