Small inheritance! Invest, save, student loans??
Hi guys!
I recently was given $10,000 from my grandma, as she has liquidated some of my Grandpas "toys" as he passed away a year ago. I have about 35k in student loans, with a relatively low interest rate (3-5%). I would like to save for a down payment on a home, and I don't need a lot, especially if I do an FHA loan on a duplex. If I save it until I find a deal, where should I hold the money? I actually work at an investment firm in Seattle (Just graduated, just started), and I hate the idea of the money sitting there and not working as I continue to contribute to it! Any ideas on what I should do here? I have also thought about using a bit of it, maybe 1k to try a wholesaling mailer. I could send out a lot of letters writing them myself with that, and it would only take 1 deal to make it worth it. I appreciate your thoughts and suggestions!