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  1. #1
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    Question If you had ~$500k how would you grow it?

    .....Serious question
    Kees on M5 Board is my bitch....

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    1 out of 1 members liked this post. Reputation: Yes | No
    At the moment, buying foreclosed homes auctioned by the county is good. But you need someone to check the property titles to find out how much may be owed in liens (water/electricity/home association fees,etc) against the property, usually somewhere around 3% on top of the winning bid. Homes at these auctions can be found for as low as 30% of their current market value.
    You can either sit on them, rent them, get about 15% return after all cost throughout the year (property taxes, etc), and sell it 6 months later for 25%-100% more than you paid(depending on the price you purchased it Vs market value). Or if you find another investor, you can immediately sell it to them at about 25% more than you paid, but that need to be done the day you would've close/titled the property...

    Thats just a taste...

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    sprinkle some crack on it!

    actually in all honesty Id wait for the housing market to tumble again (which it will...believe me) and buy another house and sit on it for a while. OR even buy some land.

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    house and or land but I wouldn't tie it all up on that. I'd keep back up money for taxes, maintenance and whatever else comes up.

    if i choose land it would be flat acres off a main road. Ive been thinking about this since i moved to FL. but there's no rush here.

  5. #5
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    I wouldn't do anything with it right now, just sit, and wait.
    Stage 2 or 2.5 E9X M3 S65 V8 supercharger kit for sale: http://www.boostaddict.com/showthrea...r-kit-for-sale

  6. #6
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    I wouldn't do anything with it right now, just sit, and wait.

    This is true. Obama is trying to tax any money that moves....Ive been told by people to keep my money under the mattress...

  7. #7
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    Click here to enlarge Originally Posted by GT3 Click here to enlarge
    At the moment, buying foreclosed homes auctioned by the county is good. But you need someone to check the property titles to find out how much may be owed in liens (water/electricity/home association fees,etc) against the property, usually somewhere around 3% on top of the winning bid. Homes at these auctions can be found for as low as 30% of their current market value.
    You can either sit on them, rent them, get about 15% return after all cost throughout the year (property taxes, etc), and sell it 6 months later for 25%-100% more than you paid(depending on the price you purchased it Vs market value). Or if you find another investor, you can immediately sell it to them at about 25% more than you paid, but that need to be done the day you would've close/titled the property...

    Thats just a taste...
    I like the taste of that. Thanks for the reply. I take it you've done it?

    Click here to enlarge Originally Posted by Matt@Camber-Toe Click here to enlarge
    sprinkle some crack on it!

    actually in all honesty Id wait for the housing market to tumble again (which it will...believe me) and buy another house and sit on it for a while. OR even buy some land.
    Maybe I can hedge fund against that lol.

    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    I wouldn't do anything with it right now, just sit, and wait.
    Hmmm ya maybe..
    Kees on M5 Board is my bitch....

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