need help

Frank is moving to Alberta from Nanaimo and he is selling the two properties that he owns. The first property is his primary residence which he purchased for $236,000 in 2016. The property is currently worth $487,000. The second property is a rental that he purchased in early January 2017 for $360,000. When he bought the property he invested $20,000 on a new roof and $10,000 for brand new windows. He also spent $6,000 on paint and other cosmetic repairs. The property taxes are $3,000 per year and property insurance is $1,200 year. He mortgaged $300,000 at a 3% effective annual interest rate and the property is amortized over 25 years. The tenant pays all the hydro costs and the property is rented for $1,800 per month effective from Feb-Sept 2017 (8 months) as the property is now vacant so Frank can sell it at the listed price of $450,000. 5. If Frank ends up with an extra $300k after he buys the house and he wants to generate a gross income of $18K with a low to medium risk investment, how should he invest the proceeds (be specific) and why is your recommendation suitable? (3 marks) Frank is moving to Alberta from Nanaimo and he is selling the two properties that he owns. The first property is his primary residence which he purchased for $236,000 in 2016. The property is currently worth $487,000. The second property is a rental that he purchased in early January 2017 for $360,000. When he bought the property he invested $20,000 on a new roof and $10,000 for brand new windows. He also spent $6,000 on paint and other cosmetic repairs. The property taxes are $3,000 per year and property insurance is $1,200 year. He mortgaged $300,000 at a 3% effective annual interest rate and the property is amortized over 25 years. The tenant pays all the hydro costs and the property is rented for $1,800 per month effective from Feb-Sept 2017 (8 months) as the property is now vacant so Frank can sell it at the listed price of $450,000. 5. If Frank ends up with an extra $300k after he buys the house and he wants to generate a gross income of $18K with a low to medium risk investment, how should he invest the proceeds (be specific) and why is your recommendation suitable