How to would you invest $65k

[Duane Hundley]

I have a property on a rent to own and I think they are going to get a mortgage and pay me off. How should I invest the cash from the sell of the home? It won't be taxed high since it was my primary home for awhile. I would like to generate some Cashflow from it since I'll be loosing $538 a month from the property. options 1.pay down current home loan 2. Savings 3. Purchase two homes with cash- *may have to add a little cash $5k $1,400 Cashflow a month 4. Pay cash for one home $40k bank the rest $700 income monthly 5. $20k buy two $50k under homes Cashflow $400-$600 a month Cashflow bank the rest 6. Pay cash for one $40k house $700 a month Cashflow, $10k down $50k under home $200 Cashflow, and bank $15k reserves Please add any ideas or thoughts! Thanks!

[Steve Vaughan]

Congrats, Duane! Awesome position to be in!

I like to keep things simple and repeat what's working. Do what you did with this house again.

What does your consumer debt picture look like? Car loans? Credit cards? I'd pay those off first.

Hard to leverage multiple low price point homes. Also expensive relative to loan amount. I'd be inclined to buy at discounts with cash one at a time, then refi (BRRR) or go larger multifamily.

Enjoy this journey and keep us posted!