Let's say you got an inheritance or you won the lotto and it was... say around $200,000 that you got... tax free.



Could you turn this money into something you could live off for the rest of your life? What would you do, start a business, invest, move out of the country? What?

just support myself? that would be rather simple. you buy a couple of duplexes and rent out 3 of the sections and live in one yourself. income of about $2250 a month @ $750 per unit and no rent would be alright to live on. this is even without having a job, imagine if you had a part, or even full time job added on.

I agree with Shane and the real estate idea. being a landlord has lots of downsides, but overall you can make a killing. Second choice would be opening a buisness. It will take alot of hard work, long hours, etc. but it would pay off in the long run. Investing is a bit too risky for my tastes. You are depending on others to bust their ass for you to make money. Not a good idea!

yeah you have to do bg checks and things like that to be sure that you dont get people who are gonna trash your stuff, aside from that you just have to find property in good condition so you dont have a lot of repairs

well you want to put the money somewhere where it will make money for you until you find an opportunity, like real estate or a buisness.



its all about risks though. if you have 200k wisely invested you have a great jump on retireing, but if you invest in a buisness you stand a chance of loosing it all.

I'd use it to finance a diamond heist and then sell them on the black market, thus upping my cred among the cat burglar circuit. Then I'd pull more and more lucrative jobs until I could afford a life of luxury, in a non extradition country https://www.nopistons.com/forums/pub...IR#>/smile.png



Actually, I'd probably go along with the realestate, but with rent houses instead of duplexes. And I would definitely not live next to one of my tennants. That's the whole "Don't **** where you eat" mantra.

real estate is a solid, buy and sell some cars to keep you busy also

I'd use it as a large downpayment on a nice house that I otherwise wouldn't be able to afford.. THen use that as my primary residence. It's not worth trying to be a landlord and the property will appreciate that much faster in a nice neighborhood!

Yea I was thinking more along the line of starting a business. I at first thought real estate would be the way to go... of course to ensure a good retirement it is a pretty good route.



Of course the business option puts you in the running for an even better retirement... or short the 200k, tough call, I dunno what I would do.

I'd probably split half of it with my son and we'd both go to the strip bar!

No! Become a slumlord. Buy as many crappy little houses as you can and rent them to anyone who wants to live there! If they tear it up, it was junk to begin with, so who cares? It's free money, and you don't have to do anything.



Okay, so that's a little extreme. But real estate is the answer.



And, BTW, there is no such thing as a "Financial Adviser". They are all ******* salesmen, and all they want is your money. I have seen some wealthy people get absolutely fucked by "Investment Counselors". I worked with a "full service broker" for a while back when I first started investing, and I learned in a hurry what they were all about. If you choose to invest in stocks, and you should, just do a little homework and do it yourself.

Yea I wouldn't even think about talking to an idiot like that. A guy that used to work for me, total moron... he became a financial advisor LOL



The issue with real estate is that 200k doesn't really buy a lot of property these days... anywhere.

I would probably buy a house and then use the rest on business.

True, that. Even here in central Virginia, it's getting hard to find anything decent under $100k. I suppose some inner-city repo's might be had for a good bit less...

Yea my bro in law has two places in Middleburg. One is a townhouse and he paid more then 200k.



That said, let's say you had the opportunity to buy an established business for around that amount?

my aunt lives in nebraska and has been tryin to get me an some of the family to move up there, theres some huge! place's there for really cheap, there was even a 3 for 1 deal for 75K lol

Yea I drove through Nebraska on the way to FL... no thanks.

i know someone who buys houses in bad areas, he fixes them up with cash he makes because he needs a way to dispose of cash and fixing a house is a perfect way to do it- pay all the contractors cash



then he rents them out to people on welfare, gets the rent right from the government so he knows he gets paid.

Real estate in Mississippi is a good investment right now. you can get a decent amount of acerage for that ammount still.



Dispurse it among multiple mutual funds. The stock market is low right now, but is about to rise. If you buy into a few mutual funds, you could come out smelling like roses a few years from now.



or you could pay off any loans you have, and enjow life debt free. Put the rest in an aggresive mutual fund and watch it grow.

I would put 30% of it away in some form of secure funds, say bonds or GICs or soemething. 60% towards downpayments on mortgages for houses and apartments. Ones that aren't too flashly, in good shape, in areas that are most likely going to go up in value.



I would then fix them up if htey need to, rent them out to cover mortgage payments + maybe 5% profit. Bank on it going up in value, say 20+% (u have to make something, those ******* real estate agents take 3 to 5% already), turn around buy more apts, and keep using profits for downpayment on a next apt/house. If in the end the units/houses you buy don't go up in value, you are esentially paying off your mortgages free of charge, so buy the time the annuity is done you have 200,000+ for each house/apt you had a mortgage on.



Then you'd be real rich. Oh and 10% goes towards a nice FD, and new wardrobe.

if you take my advise, then I demand a 1000 dollar consulting fee.

Real Estate is the way to go. I bought two pieces of land on the west coast of FLA last year May for $3500.00 and $4800.00 each. Now they are valued at $12600.00 and $14000.00 respectively. Now hows that for investing,eh. Land is quite hot in these here quarters.



By the way Phins I have a feeling that you will be coming into some money soon, you're trying to be smart asking questions to get ideas as to what to do with your windfall https://www.nopistons.com/forums/pub...IR#>/blink.png .

What's your address, Sonny?

I said "WHAT IS YOUR ADDRESS PHINS"?



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I'LL BE WATCHING YOU....... https://www.nopistons.com/forums/pub...R#>/unsure.png https://www.nopistons.com/forums/pub...R#>/unsure.png https://www.nopistons.com/forums/pub...R#>/unsure.png https://www.nopistons.com/forums/pub...R#>/unsure.png

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my buddy grossed about $460K this past year doing real estate. Maybe a 1/3 of that wasn't profit. He buys foreclosed, fixer-uppers (you ever do any home repair work , Phins? https://www.nopistons.com/forums/pub...1047683785.gif ) that kinda thing for DIRT cheap.... slaps a coat of paint on them and new carpet...and sells them for about triple what he picked them up for.

Or you could just buy the head of the neck... i hear money can get that for you these days.

Tax liens are where its at.

I'd be playing monopoly. Of course depending where you had your houses to rent would determine if you could afford a few places with 200k. Decent small 1200-1500sq ft houses in edward scicsor hand neighborhoods in Tulsa run from 70k-95k. So even at that you'd really only be able to buy two places to rent at roughly I dunno 750 a month, which isn't a lot to live on. I'd be more interested in buying one place to rent out and then buying houses with potential as fixer uppers and spend my time doing small carpenter work on them to sell for profit later. A little bit of landscaping, paint, and flooring can turn some big profit.

Realestate.. I would buy land outside a big city where i can buy cheap.. and work as usual.. sell later.. or build on it in the future as the cities expand.. and rent out the places.. unless there was a way to put that money down on a nice building now.. then rent the sucker out..

94t's idea is good too.. buy some houses from people losing them, so you dont lose what they have paid into them..(my bro's buddy is into real estate, so he gets stuff like that here and there) and get a great deal.. fix and sell over time or right away.. depending on the market..



like they say.. you cant catch a break, if you are already broke..

take the money and buy hookers

Actually, because of its proximity to the Northern Virginia/DC area and the fact that its a quaint old town smack in the middle of some very nice horse farms owned by movie stars and other rich folks, Middleburg, Virginia probably is one of the highest priced markets in the state.

thats what my dad does, he's been making money (for his clients) every quarter for the last 2 years. in fact last quarter was his biggest ever. in 20+ years

If someone handed me 200K I would pass out.



What to do?? With the real estate in Florida doing what it is doing? I would go over to the west coast of Florida and buy up about 150K in vacant land and sit on it for about 3-5 years then unload. That 150K should be over 500K if you picked the right town at the right time.



Picking the right town at the right time would be the trick part and would take a LOT of research and road trips to decide properly.



I would bank avbout 20K and play with the other 30K in the stock market.



Once I had the 500K in hand I would explore developing a subdivision. Where and when would be my next bridge to cross.

id either buy lots o land, then sell it later when its more valuable, then buy more. or start a business of some sort.

i change what i said now..







i agree with Boxrs4sale.

use the money on a downpayment on some nice houses. then set the rent to pay off the house. once the houses are paid off sell them and get some more

better answer: have sex with two girls at the same time.

why do you need money to do that?

[office space]

The house I just bought for my office was purchased by the previous owner 3 years earlier. He paid 90K for it and then 3 years later I pad 186K for it.



A lot in Port St. Lucie 3 years ago could be purchased for 5K-10K now you cannot buy one for less than 60K...... 3 years!! 150K invested would get you 900K.



Word is that on the west coast of Florida South of Tampa this is about to happen if it isn't already happening.