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Kelton Bajo
  • San Diego, CA
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Best way to invest my 70k in savings.

Kelton Bajo
  • San Diego, CA
Posted Aug 23 2017, 17:59

Hello everyone! Im going to try and keep this simple. I have two rental single house family units in casa grande,az. Both bring in close to $800 cash flow. Equity approx 150k combined.

I have 50k saved and another 20-30k that i am considering to borrow from my TSP (401k) at 2% interest.

My question is whats the best investment i can do with that 70k plus potentially equity from my two other properties.

I have found a 4 unit in texas for 225k with already tenants occupied bringing in $2645 month. If i put down 70k as a down payment my mortage would be $1200. With hoa, managment fees im looking at 1500-1600 expenses. Cashflow of 1k to 1100.

Is this a wise investment? Or should i wait for a better deal? I live in San Diego and I know i have to find a very trustworthy management.

Thank you in advance for your input.

Respectfully Kelton

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