How to would you invest $65k
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!