It's been a long time since I've been on here. I have followed MJ and this site since before it was built. I lost everything during the last downturn. I've rebuilt my life and have a good income (sales job), very little debt, and some money in the bank. I am about to inherit a decent some of money ($200k). I'm 54 with a background in sales, business ownership, and real estate. I'm not going to write my life here I just have a simple question for those who feel qualified to answer it.
I have tolerance for risk but I'm at an age that I don't really need to make huge mistakes. How would you invest this money to achieve security and wealth?
I have learned to make something from nothing. I like buying cheap properties with as much owner financing as possible and reselling with owner financing. But having this sort of money to work with gives me some options to maybe try some different businesses. Or maybe I should stick with what I know? This is something that was just presented to me so I haven't put a lot of thought into it. This is the first place I'm asking this questions as i know there are some successful people here.
Thank you!
I have tolerance for risk but I'm at an age that I don't really need to make huge mistakes. How would you invest this money to achieve security and wealth?
I have learned to make something from nothing. I like buying cheap properties with as much owner financing as possible and reselling with owner financing. But having this sort of money to work with gives me some options to maybe try some different businesses. Or maybe I should stick with what I know? This is something that was just presented to me so I haven't put a lot of thought into it. This is the first place I'm asking this questions as i know there are some successful people here.
Thank you!
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