Where to invest 100k?
Hi everyone- first post here.
My wife and I recently did a cash-out refi on our home in Los Angeles and are sitting on a decent chunk of money with the goal of investing in some property.
We initially were purchasing a condo in Hypoluxo FL (close to family who are RE agents, contractors, etc) but seem to be falling out of escrow due to appraisal issues.
We have some familiarity with markets in central WI (I'm from WI and the company I work for is there), Asheville NC (family), Nashville TN and the West Palm Beach area of FL (fam live there). We're trying to figure out where to invest and what to invest in. We're ok to make longer term investments but ideally cashflowing a small amount now. Not afraid of rehab work.
Multi-family? Commercial? What do you guys think and what other info might you need to help provide advice?