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Author Topic: Inherit money  (Read 1503 times)

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Offline bruc3lee

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Inherit money
« on: August 25, 2016, 07:11:31 PM »
You are in your early 30s. You have a full time job that pays 80K a year.
Renting a 2BR apt for 1400 a month.

You just recently inherited $70K.

What's the best investment you can do with it?



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Offline Hung_Low

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Re: Inherit money
« Reply #1 on: August 28, 2016, 09:40:56 PM »
You are in your early 30s. You have a full time job that pays 80K a year.
Renting a 2BR apt for 1400 a month.

You just recently inherited $70K.

What's the best investment you can do with it?

Put it in an IRA... and keep adding more funds in the future. Watch that nest egg grow...



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Offline nightrider

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Re: Inherit money
« Reply #2 on: September 09, 2016, 08:54:33 PM »
Buy property & make $$$.



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Offline moonangel

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Re: Inherit money
« Reply #3 on: October 05, 2016, 11:51:55 AM »
I'd put a down on a house and invest the rest.

But if it was me right now in the house that I'm living in and renting out my condo, I'd probably use the funds for a down on another rental property.



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Offline floaty

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Re: Inherit money
« Reply #4 on: October 26, 2016, 05:13:43 PM »
Like everyone mentioned, i would take some of it to put down for my rental properties and invest the rest in an ira account. Leave it there, don't touch it. Now if I wanted to be a bit playful, I would take a few thousands and play it safe in the market.



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Offline YAX

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Re: Inherit money
« Reply #5 on: October 28, 2016, 08:30:21 PM »
$70k is not much.  Just put it down on a new home to lower your monthly payments.  It'll save you from that $1400/month rent.



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Offline Hung_Low

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Re: Inherit money
« Reply #6 on: January 06, 2017, 09:35:52 PM »
$70k is not much.  Just put it down on a new home to lower your monthly payments.  It'll save you from that $1400/month rent.

True... I forgot that he's spending $1400/mth on rental.



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Offline nooneever

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Re: Inherit money
« Reply #7 on: January 16, 2017, 11:00:13 AM »
$70k is not much.  Just put it down on a new home to lower your monthly payments.  It'll save you from that $1400/month rent.

^^One of the best decisions I have ever made. 



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