2007-01-24 12:41:00 · 15 answers · asked by Jeff B 3 in Business & Finance ➔ Personal Finance
I would take that and use it for a downpayment on an aprtment complex. Over time apartment complexes in nice neighborhoods have risen in vaule so you have appreciation. Then if you structure it correctly then income should easily cover any expenses. Also, if you manage it yourself then you have another source of income from the job as rental property manager.
2007-01-24 12:57:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I have a bill that $50,000 could pay and permit me to move forward. I have a property that has $40,000 left on the mortgage. I could pay it off and spend the balance on the property repair that it needs. Then I could sell it and take back the mortgage at 7%, The income from this mortgage payment would knock out the mortgage on my home if I continue to pay the same mortgage I am now paying.
2007-01-24 20:48:36 · answer #2 · answered by whatevit 5 · 0⤊ 0⤋
I'd definitely go with a Roth IRA. Within 40 years at 9% growth, it would be worth $1,800,000! Good stuff.
2007-01-24 21:54:46 · answer #3 · answered by zander1331 3 · 0⤊ 0⤋
Pay off all my bills, remodle my kitchen and help my kids. I don't think however that I will have to worry about any of the above. But it's nice to dream.
2007-01-24 20:48:17 · answer #4 · answered by thmsnbrgll 5 · 0⤊ 0⤋
The same as what I would buy if I had 5 dollars
2007-01-24 20:55:41 · answer #5 · answered by Pete 3 · 0⤊ 0⤋
Pay off bills. Buy an IRA.
2007-01-24 20:45:30 · answer #6 · answered by nope n 3 · 0⤊ 0⤋
Payoff about 1/2 my debt... that's it...
2007-01-24 22:57:19 · answer #7 · answered by Jen G 5 · 0⤊ 0⤋
I would go to Pontiac and pay CASH for a Jet Black Fully loaded GTO!!!!
2007-01-24 20:45:24 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Law school tuition.
And some socks.
2007-01-24 20:44:47 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Invest it like I do anyway.
2007-01-24 22:46:38 · answer #10 · answered by Anonymous · 0⤊ 0⤋