We refinanced our rental property and took out $400k in an effort to purchase a new rental. The purchase fell through and now we are "stuck" with the cash. It has me trying to think more Mustachian about what to do with that money...use the money to pay off our current primary home ($280k left on the mortgage), pay down the current rental (the principle just jumped to $875k), just be patient for another rental, invest in index funds while waiting for a better answer to come (donate 10-15%, etc.), something else? Also, open to the response of, "Why would you have done that cash out refinance?!"
Thanks for any and all advice here...decision fatigue setting in.
Thanks again,
Tommy