We have $80k to invest but we dont know where to start.
My husband and I have 80k to invest but we unsure where to start.
We currently rent an apartment and have been able to save due to renting a very low cost three bedroom apartment. It has worked with well for us and our kids.
We are unsure where to start investing. My husband is currently a realtor part time and a full time furniture delivery man. I currently and a teller at a local credit union.
We have thought about flipping and rentals.
Should we start with moving into a duplex and renting out the other side? Should we rent out both sides and stay in apartment. We could get closer to $1,200 each side for duplex and are currently paying $730 for our apartment. Should we start with flipping a house first and then sell it and use the profits for a down payment on a rental?
We are in Western Michigan.
Thanks in Advance for any help!