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Started By
Message
Where to park $100k?
Posted on 6/11/22 at 3:49 pm
Posted on 6/11/22 at 3:49 pm
I am selling my condo and look to clear a little north of $100k in a few weeks. I will move back into my nicest rental - plan to live there at least two years to get that tax exemption. I am trying to figure out where to park this money. Any advice?
Age: 35 | Single
Mortgage: Primary: $100k at 2.99% | Three rentals: About $215k total (all between a 4-5% rate)
Car: $90k @ 0.9%
Income: $120k/year pre tax (and not factoring rental income)
I put $2k/month into my portfolio maxing out my Roth and doing index funds for the rest. I don't have any expensive hobbies - although I did buy a sweet ride last year that I know is not financially responsible, but I said frick it after years of living like a peasant. I work all the time. I just want to have this money do something for me. I have been looking into adding to my rental properties, but the market is tough to find deals...might wait to see some foreclosures in a few years in this unsustainable market - but honestly, I have sold two properties this year to make my life easier so adding another rental is not too high. I have three that cash flow well in Oxford and I feel like this is a good number for me.
Age: 35 | Single
Mortgage: Primary: $100k at 2.99% | Three rentals: About $215k total (all between a 4-5% rate)
Car: $90k @ 0.9%
Income: $120k/year pre tax (and not factoring rental income)
I put $2k/month into my portfolio maxing out my Roth and doing index funds for the rest. I don't have any expensive hobbies - although I did buy a sweet ride last year that I know is not financially responsible, but I said frick it after years of living like a peasant. I work all the time. I just want to have this money do something for me. I have been looking into adding to my rental properties, but the market is tough to find deals...might wait to see some foreclosures in a few years in this unsustainable market - but honestly, I have sold two properties this year to make my life easier so adding another rental is not too high. I have three that cash flow well in Oxford and I feel like this is a good number for me.
This post was edited on 6/11/22 at 4:02 pm
16
Posted on 6/11/22 at 4:07 pm to rpg37
Find nine friends to help you park it all in I Bonds apparently 
Posted on 6/11/22 at 5:07 pm to rpg37
If you don’t need the money for 20-30 years, then SpaceX stock.
Posted on 6/11/22 at 5:13 pm to rpg37
quote:
Car: $90k @ 0.9%
Income: $120k/year pre tax (and not factoring rental income)
Posted on 6/11/22 at 5:18 pm to boogiewoogie1978
Car: $90k @ 0.9%
Income: $120k/year pre tax (and not factoring rental income)
-
Car may be a great hedge against inflation, seriously.
Income: $120k/year pre tax (and not factoring rental income)
-
Car may be a great hedge against inflation, seriously.
Posted on 6/11/22 at 5:25 pm to ItzMe1972
I didn't buy it for that reason, but I understand your logic there. I am not hurting for money, just want to be as efficient as possible putting six figures. I mean, I could just invest it all. I am not hurting.
Posted on 6/11/22 at 5:35 pm to rpg37
Dude don’t explain yourself. You are single and make plenty to buy that ride. Don’t have to explain yourself to anybody
Posted on 6/11/22 at 5:38 pm to rpg37
HKRS
YAYO
YAYO
Posted on 6/11/22 at 5:47 pm to rpg37
Spy puts
Posted on 6/11/22 at 8:19 pm to rpg37
Pay off the highest interest rate rental and boost your cash flow. Then wait for rental properties to come down in price and get another 1-2
Posted on 6/12/22 at 12:16 am to rpg37
if i read that right, 90k in car loans at 120k income?
holy shite
holy shite
Posted on 6/12/22 at 7:45 am to rpg37
quote:
Age: 35 | Single
quote:
Where to park $100k?
Wife and kids is the obvious answer here.
Posted on 6/12/22 at 8:28 am to Fox McCloud
quote:
Dude don’t explain yourself.
Especially to the no-fun clowns on this board who would advise everyone to drive a $2k 2004 Honda Accord because you could pay all cash for it and save on gas money.
Posted on 6/12/22 at 9:24 am to theOG
I bonds if you can leave it a year. Short term bonds and Cd's. Not bond funds.
Posted on 6/12/22 at 9:44 am to bovine1
quote:
I bonds if you can leave it a year. Short term bonds and Cd's. Not bond funds.
Ok, I’ll ask the dumb question. How does one go about buying an I Bond? Is this something v you would do through your bank?
Posted on 6/12/22 at 10:53 am to Upperdecker
quote:
Pay off the highest interest rate rental and boost your cash flow. Then wait for rental properties to come down in price and get another 1-2
My highest one is 4.99% on a 15-year note, so that would clear up about a grand each month and leave me with another $25k. Buy $10k I bonds and have another $15k left to play with on the market?
While maintaining $2k/market into stocks and Roth (plus my teacher PERS account) I could pay off my three rentals within three years easily. Car would be paid for one year after that leaving me sitting insanely pretty. My Roth, individual account, and PERS accounts combined are sitting at about $300k. Most teachers my age only have the PERS account and student loans.
This post was edited on 6/12/22 at 10:56 am
Posted on 6/12/22 at 11:25 am to rpg37
So teachers make 120k and still only work 4 months out the year? No fair
Posted on 6/12/22 at 11:31 am to el Gaucho
quote:
So teachers make 120k and still only work 4 months out the year? No fair
You nailed it, bro! This is where I make all my money....
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