What to do with 20,000 cash?

[Marcus Cox]

I've recently came into a few dollars and I have been interested in multi family small apartments. Any suggestions would help,Such as a broker that specializes in the multi family arena. I reside in Knoxville TN. By the way if multifamily is not suggested, please tell me what is. I am willing to listen to all suggestions and ideas. Thank you in advance.

[Luka Milicevic]

Air ticket to Vegas and take your chances on the roulette wheels...

Just kidding! Please don't do that.

I actually asked an experienced investor the same question not too long ago. Pretty much exactly what you are asking and I found his answer interesting as it was not what I had expected.

I told him I was planning on putting a down payment on a primary residence and moving out of my existing one in order to rent it out. I also said if I find something that would rent well I would use that money for a downpayment. 

He told me not to go that route.

He said to invest my money in direct mail marketing instead and find deals. He told me if I find deals, finding money would be easy. I have come to realize this to be 100% accurate. I haven't had any trouble finding money when a good deal is present. 

I don't know about the Knoxville market, but in my market there is nothing on the MLS. Everything is direct mail. There are many ways to invest $20k. Explore your options and make a decision. Once you make a decision the rest is easy.