My husband and I own a small business and have managed to put a little over $300k aside over the past 3 years. We want to make a smart investment that will generate consistent cash flow but the uncertain market really spooks us. Plus we really don’t know much about investing.
We currently owe $270k on our home (30 yr mortgage at 2.99%). Should we pay off our mortgage and wait for the right moment to buy a new property to use as a long term rental?
How would you invest the money?