What would you do with $20K?

[Sean White]

You’ve saved about $20K. Your goal is buy and hold for monthly income to eventually have in excess of $10K monthly. What do you do with $20K?

[Jason R.]

I'm a super newb but I've been thinking about how to apply my modest chunk of cash. My wife and I currently own a home with a MIL apt rented out in back. We are considering house hacking/owner occupying our next property, ideally 3-4 plex. Idea is to use an FHA to keep down payment low and not blow all our cash. Then use remaining money and a small HELOC, if necessary, to buy a less expensive property (duplex) with conventional financing. We would move out of the multi family when we've saved for our next place and have found the next property, whatever that may be.

I like your question and hope you get more responses.