I have 60k in a high yield savings account.. how should I invest it? ... read my options below or give me a new option :)

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Depends what your goal is, are you comfortable having another property to manage with tenants or do you want to own one property free and clear?

I personally would say if your interest rate on your mortgage is lower than what your return on an investment would be it makes sense to keep making the min monthly payment and invest in another property.

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If you invest in a rental property you should look to get at minimum 7-8% ROI if not you can put in the market and get a higher return without having to manage tenants. Personally I won’t invest in anything with less than a 10% cash on cash return and even that is low for most investors.

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A) Wait until you have 80K. Buy another property and rent current property
B) Renovate current property as it is little out dated then do option A 3 years later.

C) Forget about investing in real estate now (market is high) put the money in an index fund
D) Hold until next market crash then invest. Everything seems pricey these days.
E) Share your idea.

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