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manage half a million dollars for me.
- Thread starter AAP
- Start date
CENTURION44
New member
chefbone said:Do what I'm doing: ARMY
When/if I come out of it, that money will still be there and I'll be wiser and more mature. It's more than 500K though
DOOD do you want a Lazy best friend to hang with and mooch off of you...we can get drunk every day and hang out by your pool and have parties and bang chics..all on your buck....AWESOME
Redshoteye
New member
AAP said:
So you have to live off it as well? Commercial real estate, plain and simple. Banks usually require a 20% down payment on loans, so you can get yourself.. lets say.. a $2.5 million dollar strip mall with money comming in every month from the tenants, mortgage will be paid through them as well. In 5 years, sell it for it's appreciated value and repeat cycle.
Your welcome.
patsfan1379
New member
AAP said:
Dude, you obviously don't drop it ALL in their. It is the long term option for the money. Real Estate is good for short-mid term.
If you have to spend the money as well then obviously some needs to be in an accesible account.
rudeboyja
New member
Why not take your own advice you posted a while back (below)
I would encourage you to invest in real estate. None of this $50K down stuff though. I would take 100K and put 20K down on 5 different pieces of property. Get an interest only loan so the payments every month is ridiculously low, rent it out, use that money every month you get for rent to set aside for 2 years and buy a municipal bond (3000 x 24 months = 72,000) with the $72K, in 5 years that bond will double to $144K tax free dollars.
Then the next 3 years I would just put the money aside in a savings account, and after 5 years, I would flip those houses on the market, make a profit of (combined from all 5 houses) about $150K - put that in a municipal bond that matures to to $300K (tax free) in 5 years and take my original 100K that I used for down payment on the 5 houses original to do it all over again.
If you did this, in 10 years you would have a tax free total of close to $600K. (provided you flipped the first bond back over so that the 144K double to 288K)
I would encourage you to invest in real estate. None of this $50K down stuff though. I would take 100K and put 20K down on 5 different pieces of property. Get an interest only loan so the payments every month is ridiculously low, rent it out, use that money every month you get for rent to set aside for 2 years and buy a municipal bond (3000 x 24 months = 72,000) with the $72K, in 5 years that bond will double to $144K tax free dollars.
Then the next 3 years I would just put the money aside in a savings account, and after 5 years, I would flip those houses on the market, make a profit of (combined from all 5 houses) about $150K - put that in a municipal bond that matures to to $300K (tax free) in 5 years and take my original 100K that I used for down payment on the 5 houses original to do it all over again.
If you did this, in 10 years you would have a tax free total of close to $600K. (provided you flipped the first bond back over so that the 144K double to 288K)
