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 .

What's your address, Sonny?

I said "WHAT IS YOUR ADDRESS PHINS"?



I WANT MY CUT!!!!!!!!!!!!!!!

YOU HEARD ME.....................



I'LL BE WATCHING YOU.......

 

SCEEEERED YET.............

 

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? ) 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