My child's mother is always saying that since I was in the Army, that I should use the Army benifit. The one that helps you buy a house. She says it would be nice to leave my daughter a house. I say that I will leave her 25,000. I really don't want to deal with all the problems that the government is going to send me through. Is she right? Or should I stick with my plan?
2007-06-05 14:53:50 · 14 answers · asked by Anonymous in Family & Relationships ➔ Family
Let me ask this question: what kind of house could you get for $25,000?
2007-06-05 15:10:37 · answer #1 · answered by Experto Credo 7 · 0⤊ 0⤋
definitly a house. Face it, 25,000 is not as much as what a house can get you. If you fix it up and sell it later on you could make a fortune off of it. Keep the house for about 5 years and it'll probably cost 5 times more than what you bought it for. Also, getting a house gaurantees having a place to sleep at night and thats better than getting money that can finish in no time if you don't make wise investments.
2007-06-05 15:03:42 · answer #2 · answered by M.O.B 3 · 0⤊ 0⤋
25,000 dollars is nothing to live off of at all egad..The house Hun is a investment that will grow. As well as make sure your wife and daughter will not be homeless living in a car..with that amount she couldn't even do much.. Except invest it and not touch it leave it for your daughters children by then it will be something.. the other money is just pennies and will cover really very little..
2007-06-05 15:02:59 · answer #3 · answered by Sprinkles C 3 · 0⤊ 0⤋
Personally, I would buy a house. However, it depends on your situation. Do you plan to stay there long enough to earn back all the initial fees? Is it in a neighborhood in which property values are expected to rise? Are you prepared for all of the extra expense of home ownership? You want to leave your daughter with a stable investment, not a money pit. You have to be very careful. Good luck.
2007-06-05 15:05:37 · answer #4 · answered by Kevin W 1 · 0⤊ 0⤋
The house. It's impossible to find a house for $25,000. If you're interested in helping your daughter be secure after you die, the house is a much better investment.
2007-06-05 15:00:22 · answer #5 · answered by katydid 7 · 0⤊ 0⤋
Sorry but i agree with a house, its more stability for her, she can live there, lease it out or even sell it. I
I can understand why you dont want the problems with the government, but you dont know what your daughter is going to be like with money when she's older either. She could spend it all and have nothing to show for it.
Im sure you and your wife will decide either way! good luck
2007-06-05 15:03:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Real estate is always a good investment. Usually it has a higher rate of return that what you could get by investing $25,000
2007-06-05 14:56:53 · answer #7 · answered by bibbs63026 1 · 0⤊ 0⤋
Real estate is a great investment, you really can't go wrong. If your daughter doesn't like it she can sell it and get what she wants. Or you could pick one out together. That would be a nice bonding moment for father and daughter.
2007-06-05 15:04:11 · answer #8 · answered by jaydee 4 · 0⤊ 0⤋
I would take the house. Money comes and goes.. But having a house of your own with you invest in stays a lot longer in families than actual money.
2007-06-05 15:00:31 · answer #9 · answered by Yuki 2 · 0⤊ 0⤋
Take the house and sell it, for way more than 25 thousand.
2007-06-05 14:59:12 · answer #10 · answered by Anonymous · 0⤊ 0⤋