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!