Sold a small apartment and I am not sure what to do with it

[Lucky Lu]

<div class="bbWrapper">Hi guys, as always I turn to you whenever I have something to tell or ask about in this path I have taken along with you all.<br /> <br /> I consider myself really good at my jobs, and the results show that I move pretty well on those fields but... not only I am new to the business world and entrepreneurial mindset but I am the opposite here. Don´t have the experience and since something that I have undertaken late, I don´t feel confident and decisions don´t come naturally to me.<br /> <br /> A few months ago I decided that I needed to have some cash in order to secure an investment or a business that generates cash flow as the first step to my freedom and transition to the fastlane. So I put a small apartment in my country in the market and finally this week I accepted an offer for it. <br /> <br /> It will leave me with around 70k in the bank and I don´t really know what to do with it without gambling those savings. Should I buy a little condo in the US and rent it out? Should I wait to the prices to get lower? Should I buy a business? What kind do you think I should look into knowing that I lack of experience as an entrepreneur?<br /> <br /> Thank you and man, I love this forum.</div>

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[BellaPippin]

<div class="bbWrapper"><blockquote data-attributes="member: 73602" data-quote="Lucky Lu" data-source="post: 843845" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843845" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843845">Lucky Lu said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Hi guys, as always I turn to you whenever I have something to tell or ask about in this path I have taken along with you all.<br /> <br /> I consider myself really good at my jobs, and the results show that I move pretty well on those fields but... not only I am new to the business world and entrepreneurial mindset but I am the opposite here. Don´t have the experience and since something that I have undertaken late, I don´t feel confident and decisions don´t come naturally to me.<br /> <br /> A few months ago I decided that I needed to have some cash in order to secure an investment or a business that generates cash flow as the first step to my freedom and transition to the fastlane. So I put a small apartment in my country in the market and finally this week I accepted an offer for it.<br /> <br /> It will leave me with around 70k in the bank and I don´t really know what to do with it without gambling those savings. Should I buy a little condo in the US and rent it out? Should I wait to the prices to get lower? Should I buy a business? What kind do you think I should look into knowing that I lack of experience as an entrepreneur?<br /> <br /> Thank you and man, I love this forum. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I&#039;m not the expert but whatever you do take the money out of there, now, and bring it here. Lol</div>

 

[BellaPippin]

<div class="bbWrapper">70k is a nice down payment towards something MORE than a condo. You can buy something with <u>several </u>units to rent. My bf pays his property management like $100 a month only, besides the first month of rent (if you don&#039;t wanna deal with being a landlord)</div>

 

[Lucky Lu]

<div class="bbWrapper">Thank you Bella! That is the idea, any venture will there not here.</div>

 

[Lucky Lu]

<div class="bbWrapper"><blockquote data-attributes="member: 32930" data-quote="BellaPippin" data-source="post: 843851" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843851" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843851">BellaPippin said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> 70k is a nice down payment towards something MORE than a condo. You can buy something with <u>several </u>units to rent. My bf pays his property management like $100 a month only, besides the first month of rent (if you don&#039;t wanna deal with being a landlord) </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Yes but having my jobs here I would not qualify for a loan there I think, so my options are cash or cash.<br /> Would love to do as your BF does with a multifamily but I guess I will have to wait.</div>

 

[reedracer]

<div class="bbWrapper"><blockquote data-attributes="member: 73602" data-quote="Lucky Lu" data-source="post: 843853" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843853" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843853">Lucky Lu said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Yes but having my jobs here I would not qualify for a loan there I think, so my options are cash or cash.<br /> Would love to do as your BF does with a multifamily but I guess I will have to wait. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>You don&#039;t need a bank to borrow money. Look for someone ready to retire from a business or their real estate who needs cash. <br /> My grandfather never got much cash when he sold a house. He&#039;d find some young couple just starting out and do a Land Contract with them. He was the note holder. He had a couple folks not pay, but for the most part he had great results and even a greater amounts of friends. (Thanks for triggering the memory!)</div>

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Lucky Lu]

<div class="bbWrapper"><blockquote data-attributes="member: 68196" data-quote="reedracer" data-source="post: 843857" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843857" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843857">reedracer said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> You don&#039;t need a bank to borrow money. Look for someone ready to retire from a business or their real estate who needs cash. <br /> My grandfather never got much cash when he sold a house. He&#039;d find some young couple just starting out and do a Land Contract with them. He was the note holder. He had a couple folks not pay, but for the most part he had great results and even a greater amounts of friends. (Thanks for triggering the memory!) </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Thank you, that would be an awesome idea but I would not be sure where to look for that.<br /> I will keep my eyes open.</div>

 

[alexkuzmov]

<div class="bbWrapper"><blockquote data-attributes="member: 73602" data-quote="Lucky Lu" data-source="post: 843845" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843845" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843845">Lucky Lu said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Hi guys, as always I turn to you whenever I have something to tell or ask about in this path I have taken along with you all.<br /> <br /> I consider myself really good at my jobs, and the results show that I move pretty well on those fields but... not only I am new to the business world and entrepreneurial mindset but I am the opposite here. Don´t have the experience and since something that I have undertaken late, I don´t feel confident and decisions don´t come naturally to me.<br /> <br /> A few months ago I decided that I needed to have some cash in order to secure an investment or a business that generates cash flow as the first step to my freedom and transition to the fastlane. So I put a small apartment in my country in the market and finally this week I accepted an offer for it.<br /> <br /> It will leave me with around 70k in the bank and I don´t really know what to do with it without gambling those savings. Should I buy a little condo in the US and rent it out? Should I wait to the prices to get lower? Should I buy a business? What kind do you think I should look into knowing that I lack of experience as an entrepreneur?<br /> <br /> Thank you and man, I love this forum. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>What is the job that you`re really good at?<br /> Where do you feel your knowledge is most strong?</div>

 

[Lucky Lu]

<div class="bbWrapper"><blockquote data-attributes="member: 72236" data-quote="alexkuzmov" data-source="post: 843859" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843859" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843859">alexkuzmov said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> What is the job that you`re really good at?<br /> Where do you feel your knowledge is most strong? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote> I´m a lawyer and a pilot. So not very fastlaney</div>

 

[BellaPippin]

<div class="bbWrapper"><blockquote data-attributes="member: 73602" data-quote="Lucky Lu" data-source="post: 843853" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843853" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843853">Lucky Lu said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Yes but having my jobs here I would not qualify for a loan there I think, so my options are cash or cash.<br /> Would love to do as your BF does with a multifamily but I guess I will have to wait. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I meant to buy here, not back home</div>

 

[Lucky Lu]

<div class="bbWrapper"><blockquote data-attributes="member: 32930" data-quote="BellaPippin" data-source="post: 843870" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843870" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843870">BellaPippin said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I meant to buy here, not back home </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Yes, got it. I think that is the idea. Looking into Orlando right now.</div>

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[SEBASTlAN]

<div class="bbWrapper">Buying a business would have the highest ROI, but if you want to play it safe you should consider a multi-family property like a fourplex etc.<br /> <br /> Only you know your risk tolerance levels.</div>

 

[alexkuzmov]

<div class="bbWrapper"><blockquote data-attributes="member: 73602" data-quote="Lucky Lu" data-source="post: 843860" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843860" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843860">Lucky Lu said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I´m a lawyer and a pilot. So not very fastlaney </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Well the mindset is important.<br /> Isnt there something to make which layers or pilots can use?<br /> Is there any need that you`ve spotted working as either?</div>

 

[Lucky Lu]

<div class="bbWrapper"><blockquote data-attributes="member: 72236" data-quote="alexkuzmov" data-source="post: 843939" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843939" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843939">alexkuzmov said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Well the mindset is important.<br /> Isnt there something to make which layers or pilots can use?<br /> Is there any need that you`ve spotted working as either? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Thank you for your input!<br /> <br /> The only thing I could think about that is really distinctive and valuable for everyone is that I am lawyer licensed in a few countries, so I can solve the need for lawyers that have cases or dealings on those countries but are overseas (where their office is). For example, an Italian lawyer that have clients with a casa or interests in Argentina or California.<br /> <br /> We are working on that offer, and <a href="https://www.thefastlaneforum.com/community/members/23590/" class="username" data-xf-init="member-tooltip" data-user-id="23590" data-username="@Andy Black">@Andy Black</a> is giving us a lot of pointers and help with Google Ads.<br /> <br /> I would love to start a real business besides the practice though so I will keep my eyes open</div>

 

[Andy Black]

<div class="bbWrapper"><blockquote data-attributes="member: 73602" data-quote="Lucky Lu" data-source="post: 843951" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843951" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843951">Lucky Lu said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> We are working on that offer, and @Andy Black is giving us a lot of pointers and help with Google Ads. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Happy to have a chat and spitball ideas.</div>

 

[WorkingOnIt]

<div class="bbWrapper"><blockquote data-attributes="member: 73602" data-quote="Lucky Lu" data-source="post: 843951" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843951" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843951">Lucky Lu said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I would love to start a real business besides the practice though so I will keep my eyes open </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> For one, I have 2 lawsuits, I need a lawyer for, in the USA. Private message me? Business to Business lawsuit, client poached an entire office I had, where we had the proper contracts. The other owed me ~21,000 USD.<br /> <br /> Aside from such, you already got into real-estate, why get out? I always say, wherever the money is from, keep it flowing. In one of my call centers, I have a client who hired 2 VA&#039;s who find undervalued properties in the US, and he wholesales them, or buys them for himself and his portfolio.<br /> <br /> What I would suggest, is seeing if you want to put the money down, for a hard-money loan? Or a flat out mortgage on a new property/fixer upper. Take out a loan ontop of the mortgage for construction, renovate and sell for profit? Can do that easily. A relative does it for a living and has always wanted me to help. Can buy homes at 70-80% FMV and sell for that 30-20% profit, or rent it out. Use it as collateral for another purchase and let the cycle continue.<br /> <br /> Feel free to message me if you&#039;re serious about anything.</div>

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Lucky Lu]

<div class="bbWrapper"><blockquote data-attributes="member: 43836" data-quote="WorkingOnIt" data-source="post: 844067" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=844067" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-844067">WorkingOnIt said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> For one, I have 2 lawsuits, I need a lawyer for, in the USA. Private message me? Business to Business lawsuit, client poached an entire office I had, where we had the proper contracts. The other owed me ~21,000 USD.<br /> <br /> Aside from such, you already got into real-estate, why get out? I always say, wherever the money is from, keep it flowing. In one of my call centers, I have a client who hired 2 VA&#039;s who find undervalued properties in the US, and he wholesales them, or buys them for himself and his portfolio.<br /> <br /> What I would suggest, is seeing if you want to put the money down, for a hard-money loan? Or a flat out mortgage on a new property/fixer upper. Take out a loan ontop of the mortgage for construction, renovate and sell for profit? Can do that easily. A relative does it for a living and has always wanted me to help. Can buy homes at 70-80% FMV and sell for that 30-20% profit, or rent it out. Use it as collateral for another purchase and let the cycle continue.<br /> <br /> Feel free to message me if you&#039;re serious about anything. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Hi and thank you. I really appreciate you taking the time to give me this input and ideas.<br /> <br /> First, I will send you a PM to see if what you need is in my area of expertise or if I can help you with in any way.<br /> <br /> The Real Estate ideas are really good but as we have discussed with <a href="https://www.thefastlaneforum.com/community/members/32930/" class="username" data-xf-init="member-tooltip" data-user-id="32930" data-username="@BellaPippin">@BellaPippin</a> I not living in the US at the moment and even though I have activities and work done there, flipping houses or remodeling them is something that I feel I can´t do from abroad. Also to do it where I live would not be wise and not really want that.<br /> <br /> I am serious but I really want to be sure about which step to take next to avoid gambling the money but starting to travel faster any way.<br /> <br /> Thanks a lot!</div>

 

[Lucky Lu]

<div class="bbWrapper"><blockquote data-attributes="member: 23590" data-quote="Andy Black" data-source="post: 844054" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=844054" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-844054">Andy Black said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Happy to have a chat and spitball ideas. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Awesome!</div>

 

[Bekit]

<div class="bbWrapper"><blockquote data-attributes="member: 68196" data-quote="reedracer" data-source="post: 843857" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=843857" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-843857">reedracer said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> My grandfather never got much cash when he sold a house. He&#039;d find some young couple just starting out and do a Land Contract with them. He was the note holder. He had a couple folks not pay, but for the most part he had great results and even a greater amounts of friends. (Thanks for triggering the memory!) </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Very interesting. What is a Land Contract? How did it work?</div>

 

[reedracer]

<div class="bbWrapper"><blockquote data-attributes="member: 59397" data-quote="Bekit" data-source="post: 844183" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=844183" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-844183">Bekit said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Very interesting. What is a Land Contract? How did it work? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>He&#039;s and Article. I guess Missouri has its own rules (no shock there.)<br /> <div class="bbCodeBlock bbCodeBlock--unfurl is-pending is-recrawl js-unfurl fauxBlockLink" data-unfurl="true" data-result-id="36706" data-url="https://styronblog.com/law/contracts-for-deed-will-they-ever-go-away/" data-host="styronblog.com" data-pending="true"> <div class="contentRow"> <div class="contentRow-figure contentRow-figure--fixedSmall js-unfurl-figure"> <img src="/community/proxy.php?image=https%3A%2F%2Fsecure.gravatar.com%2Fblavatar%2F2c5acce0a2d2bbd043c783c82c3bc81aed07beb05b215e175ccb07892c3810fb%3Fs%3D200%26ts%3D1717289022&amp;hash=ac9477fff276319db1493aff417b68b8&amp;return_error=1" loading="lazy" alt="styronblog.com" class="bbCodeBlockUnfurl-image" data-onerror="hide-parent"/> </div> <div class="contentRow-main"> <h3 class="contentRow-header js-unfurl-title"> <a href="https://styronblog.com/law/contracts-for-deed-will-they-ever-go-away/" class="link link--external fauxBlockLink-blockLink" target="_blank" rel="noopener" data-proxy-href=""> Contracts for deed: will they ever go away? </a> </h3> <div class="contentRow-snippet js-unfurl-desc">by Harry Styron, Styron &amp; Shilling, Ozark, Missouri Contracts for deed, sometimes called land contracts, are documents that provide a form of seller-financing of real estate. This form of finan…</div> <div class="contentRow-minor contentRow-minor--hideLinks"> <span class="js-unfurl-favicon"> <img src="/community/proxy.php?image=https%3A%2F%2Fsecure.gravatar.com%2Fblavatar%2F2c5acce0a2d2bbd043c783c82c3bc81aed07beb05b215e175ccb07892c3810fb%3Fs%3D32&amp;hash=c9b3c0e0add8f7ebf5dd307458e08e6e&amp;return_error=1" loading="lazy" alt="styronblog.com" class="bbCodeBlockUnfurl-icon" data-onerror="hide-parent"/> </span> styronblog.com </div> </div> </div> </div> They are pretty simple and straight forward.<br /> <div class="bbCodeBlock bbCodeBlock--unfurl is-pending is-recrawl js-unfurl fauxBlockLink" data-unfurl="true" data-result-id="36707" data-url="https://www.lawdepot.com/contracts/contract-for-deed/?loc=US#.XhlAoxK2jt0.twitter" data-host="www.lawdepot.com" data-pending="true"> <div class="contentRow"> <div class="contentRow-figure contentRow-figure--fixedSmall js-unfurl-figure"> <img src="/community/proxy.php?image=https%3A%2F%2Fwww.lawdepot.com%2Fimages%2Fmeta-tag-images%2Fopengraph-contract-for-deed-us.jpg&amp;hash=c1402b5fad3bd4e4e9b272ad0b14ce95&amp;return_error=1" loading="lazy" alt="www.lawdepot.com" class="bbCodeBlockUnfurl-image" data-onerror="hide-parent"/> </div> <div class="contentRow-main"> <h3 class="contentRow-header js-unfurl-title"> <a href="https://www.lawdepot.com/contracts/contract-for-deed/?loc=US#.XhlAoxK2jt0.twitter" class="link link--external fauxBlockLink-blockLink" target="_blank" rel="noopener" data-proxy-href=""> Create Your Free Contract for Deed </a> </h3> <div class="contentRow-snippet js-unfurl-desc">Customize, print, and download your free Contract for Deed in minutes.</div> <div class="contentRow-minor contentRow-minor--hideLinks"> <span class="js-unfurl-favicon"> <img src="/community/proxy.php?image=https%3A%2F%2Fwww.lawdepot.com%2Fcontracts%2Fcontract-for-deed%2F%3Floc%3DUS%2F&amp;hash=b73908fc3fba6b12086ace74bdb7568a&amp;return_error=1" loading="lazy" alt="www.lawdepot.com" class="bbCodeBlockUnfurl-icon" data-onerror="hide-parent"/> </span> www.lawdepot.com </div> </div> </div> </div></div>

 

[lowtek]

<div class="bbWrapper">I am not sure what you should do, but what you should not do is hastily spend the money on something just because you feel the need to &quot;invest&quot; it right away. There&#039;s no harm in waiting a little bit for the right opportunity to present itself / be found.</div>

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[FierceRacoon]

<div class="bbWrapper">Well, I heard of a person who wanted to buy a house and rent it out. He has calculated that the rent has to cover the mortgage payment... but did not think about other details such as amortization. As a result, the guy got stuck personally doing repairs every 2 weeks, so as not to end up with a negative cash flow. Another friend of mine wanted to buy a poor-quality house, demolish it and build a new one. Except the estimate he got from the contractors was off by 300K, and by the time he realized it it was too late and he didn&#039;t even have the cash available to proceed with rebuilding so ended up figuring out what to do with a moldy, decrepit hut on his land.<br /> <br /> Morale, if you don&#039;t know what you are doing, you will lose money. <br /> If you want to buy a property for investment, do A LOT of homework. Read books on the subject. Attend courses. Talk to lots of people. For now, don&#039;t do anything with the money. Perhaps even for the next year. It is easy to spend, hard to earn back.</div>

 

[Lucky Lu]

<div class="bbWrapper"><blockquote data-attributes="member: 34879" data-quote="lowtek" data-source="post: 844303" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=844303" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-844303">lowtek said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I am not sure what you should do, but what you should not do is hastily spend the money on something just because you feel the need to &quot;invest&quot; it right away. There&#039;s no harm in waiting a little bit for the right opportunity to present itself / be found. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Thank you. Thats sound advise.</div>