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Updated over 10 years ago,
Best Way to Invest my 30k
I've got 30k set aside to invest and would like BP's advice and what to do with it. For some background, I bought a 4plex using a 3.5% down FHA loan about 5 months ago and live in one of the units. It cash flows well at this point (assuming I'm paying the same rent that the others do). I have a steady job and am able to save about $1,250 a month on average. My goal is to build a passive income that covers all my living expenses as quickly (while not being stupid-risky) as possible. Should I continue saving for years until I can buy another plex at 25% down, pay down my existing loan at 4.25% interest, buy a house as a 2-year flip, or is there a better idea out there? I live in Portland, OR, and even a 2 bed/ 1 bath house will run around 200k or more, even in the suburbs.
Thanks!