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Go to Zillow.com and watch the foreclosures in your area (or any area if you don't mind traveling). It's easy to triple your money if you want to flip a house. If you want to rent it's easy to make back the purchase price within 5 years. I like the rent game because it's less work up front (usually just cleaning and minor fixes) then you have a new monthly income right away. 50K will get you two nice houses to rent. After insurance and property taxes you will make around 700.00 a month depending on location.
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