if i have 3M, i'll get a second hand car. cash.
and the rest, i'll put some 50% for a residential H&L. dun sa amin sa las pinas, daming mga houses na around 2.5M. so ang DP mo is around 1.2M + 500K sa car = 1.7M.

and invest the rest sa liquid investment channel for emergency purposes. pag hindi ginamit, nagiinterest pa.

the MA for the H&L will come from your monthly income.

but if it is disposable, get both cash.