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Started By
Message
How would you invest 25k?
Posted on 6/5/13 at 3:39 pm
Posted on 6/5/13 at 3:39 pm
I don't have a dime of debt other than my house (150k financed, 3.25% 30 yr)
I make 46k, wife makes 40k and we have our first child on the way in the fall.
I may be getting about 20 to 30k soon lump sum. Currently, we have $7,500 in a roth, wife has 1k in a traditional. Mid 20's.
I was thinking buying a rental, it's something that I'm interested in and would be an easy to fill being in a college town.
Thoughts?
I make 46k, wife makes 40k and we have our first child on the way in the fall.
I may be getting about 20 to 30k soon lump sum. Currently, we have $7,500 in a roth, wife has 1k in a traditional. Mid 20's.
I was thinking buying a rental, it's something that I'm interested in and would be an easy to fill being in a college town.
Thoughts?
This post was edited on 6/5/13 at 3:40 pm
3
Posted on 6/5/13 at 3:42 pm to wegotdatwood
quote:
I was thinking buying a rental, it's something that I'm interested in and would be an easy to fill being in a college town.
Real Estate is a great idea. I'd recommend having something where the rent will cover (or come close to covering) the note.
Posted on 6/5/13 at 3:47 pm to wegotdatwood
Posted on 6/5/13 at 4:11 pm to wegotdatwood
quote:
I was thinking buying a rental, it's something that I'm interested in and would be an easy to fill being in a college town.
Thoughts?
sure but as i have said many times before make sure you are getting at least 200 PCF from that not counting vacancies and maintenance. save at least 6 months of that cash flow for what i stated above per property.
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