"Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.
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Where do you live? A 10 unit property for 400k?! That‘s AWESOMEI'd second the house hack. Look for a property up to 4 units and you can get 20% down, or less, financing.
But, let's say you have $100,000. At at 25% down payment, you could buy up to $400K
For $400K, depending on market, you could get a really solid B class 10 unit property.
You live in one unit...you have 9 families paying you rent each month.
If it’s sitting in a Savings Account, I assume you want some liquidity. You can try P2P lending, which typically pays interests ranging from 6-15%, & you can opt for short-term deals (3-12mths). I’d go for business-only deals & on platforms with low default rate (<1.5%). For risk mitigation, spread over several deals instead of going big into a couple of deals. Success!Right now bank interests are pretty low like 0.02% APY. Just wondering what would everyone else do or plan to do to get their money to work harder for them?
Alerian MLP ETF. Close to 10 percent dividend yield before tax. With oil price smashed thanks to the virus scare it is a good time to get into it.Right now bank interests are pretty low like 0.02% APY. Just wondering what would everyone else do or plan to do to get their money to work harder for them?
Just a hypothetical example!Where do you live? A 10 unit property for 400k?! That‘s AWESOME
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