Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Got a lot going on, could use some life advice?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Parks 788" data-source="post: 3607700" data-attributes="member: 14646"><p>We just sold our house and have a ton of money sitting in an investment account currently. Making next to nothing. Our finacial advisor has been trying to get us to meet for a couple weeks to put it somewhere to make a little money on it but keep it liquid so we can pull the trigger on property when we get to OK. Probably jsut put it in some Treasurys for now. Need to get with him to make the right choice.</p><p></p><p>Personally if it were me and I've been married once already, I'd wait. If she has an issues with waiting for 5 or so years then, Bye. I'd make sure as hell I got my financial objectives in full order and well on my way to my goals before i decided to chance marriage a second time. Not sure of your age but if you are anywhere north of 40, then wait. </p><p></p><p>On your house. I'd rent it out as said above. You seem to be fairly handy so you can manage the property and repairs yourself, it seems. I would rent a small 2BD/2BTH for cheap and take the money you make off the rental and buy another rental income property and then rent that out. Parlay the money into a third home. So on and so on. Guys that do this and do it the right way seem to make a great living. Nothing wrong with assuming some debt if that debt is going to be offset with more income. Buy the crappiest hosue on the block, do some cosmetic renovations and put renters in it. If you could get your hands on another one or two houses to rent out in the next couple months you could get top rental dollar for them. 3 bedroom 2 bath homes is what I'd aim for.</p></blockquote><p></p>
[QUOTE="Parks 788, post: 3607700, member: 14646"] We just sold our house and have a ton of money sitting in an investment account currently. Making next to nothing. Our finacial advisor has been trying to get us to meet for a couple weeks to put it somewhere to make a little money on it but keep it liquid so we can pull the trigger on property when we get to OK. Probably jsut put it in some Treasurys for now. Need to get with him to make the right choice. Personally if it were me and I've been married once already, I'd wait. If she has an issues with waiting for 5 or so years then, Bye. I'd make sure as hell I got my financial objectives in full order and well on my way to my goals before i decided to chance marriage a second time. Not sure of your age but if you are anywhere north of 40, then wait. On your house. I'd rent it out as said above. You seem to be fairly handy so you can manage the property and repairs yourself, it seems. I would rent a small 2BD/2BTH for cheap and take the money you make off the rental and buy another rental income property and then rent that out. Parlay the money into a third home. So on and so on. Guys that do this and do it the right way seem to make a great living. Nothing wrong with assuming some debt if that debt is going to be offset with more income. Buy the crappiest hosue on the block, do some cosmetic renovations and put renters in it. If you could get your hands on another one or two houses to rent out in the next couple months you could get top rental dollar for them. 3 bedroom 2 bath homes is what I'd aim for. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Got a lot going on, could use some life advice?
Search titles only
By:
Top
Bottom