say you had 50k$ to invest, where would you put it?
Would you invest your money in a Custom/Exclusive paysite or Real Estate?
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real estate.
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email: psyko514(a)gmail.com | icq: 214-702-014Comment
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Wound depend on the investment. I couldnt say just on the type because some real estate sucks and as well all know many sites suck. Also, we know the opposite to be true as well so it would be depending on each's own merritsSig is on vacation... (I wish I could vacation as long as my sig has...)Comment
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cluelessOriginally posted by spunky1
You can't get much for 50 k in real estateComment
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BD, if you've never done a paysite before, I'd say put $5k or $10k into a paysite to gain some experience, and the rest in a more conservative investment (mutual funds, real estate if you want to be an active property manager).
If you have done paysites like this before, then I'd look at what the returns have been like lately, and project your expected return on investment over the next couple years.
Consider the risks, balance risk with investments (you should diversify a bit no matter what), whether you might need liquidity, and things like that.Comment
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He didn't say it was for a down payment.Hell that would be a great down payment but then you have a mortgage for 20 years.Originally posted by Veterans Day
clueless
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im having the same problem...
i have about 200 large to play with. I dunno if I should just put up a few sites and really blow my program up, or buy real estate.
problem with real state is you are essentially buying in the same market you are selling in, so unless you have a second property you are only buying a liability. As far as a paysite goes, well, there are problems with that too.. So i'm torn..
DukeComment
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5-10k i would get into avs instead. build up more money before getting into paysites.Originally posted by arg
BD, if you've never done a paysite before, I'd say put $5k or $10k into a paysite to gain some experience, and the rest in a more conservative investment (mutual funds, real estate if you want to be an active property manager).
If you have done paysites like this before, then I'd look at what the returns have been like lately, and project your expected return on investment over the next couple years.
Consider the risks, balance risk with investments (you should diversify a bit no matter what), whether you might need liquidity, and things like that.Comment
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nice man, 200k$Originally posted by DukeSkywalker
im having the same problem...
i have about 200 large to play with. I dunno if I should just put up a few sites and really blow my program up, or buy real estate.
problem with real state is you are essentially buying in the same market you are selling in, so unless you have a second property you are only buying a liability. As far as a paysite goes, well, there are problems with that too.. So i'm torn..
Duke
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If you're smart - you put 30k down on a rental property, you then split the house into a duplex or triplex depending on it's size - you put some of your own muscle into this, and the other 20k doing odds and ends of making the place decent - then you can rent it out for much more than your mortgage. You then make more than the minimum payment, then your mortgage isn't 20 years.Originally posted by spunky1
He didn't say it was for a down payment.Hell that would be a great down payment but then you have a mortgage for 20 years.
Lather, rinse, repeat.
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Originally posted by egonetworks
If you're smart - you put 30k down on a rental property, you then split the house into a duplex or triplex depending on it's size - you put some of your own muscle into this, and the other 20k doing odds and ends of making the place decent - then you can rent it out for much more than your mortgage. You then make more than the minimum payment, then your mortgage isn't 20 years.
Lather, rinse, repeat.
edit: it wouldve been funnier if my carlton sheets image wasnt hotlink protectedComment
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Sure woulda. There's some banks in Canada that will include downpayment in your mortgage, but why accrue more debt if you can start off with a little less debt, and still have money for the work required to split the property up?Originally posted by brizzad
edit: it wouldve been funnier if my carlton sheets image wasnt hotlink protected
We've got 6 rental properties now (houses splits into duplexes) all with that theory and have no issues and the mortages are being paid faster than scheduled.
Real estate is good money if you can get in near a university.
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Come spend a month with me in Cambodia living out every wicked fantasy you have ever dreamed of, and a few filthy ones you haven't.
You'll only spend about $3000 but it will be something you would take to your grave as being the best money ever spent.
Then you will have $47K left to do what you want. You can't lose!!!!
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damn thats tempting!Originally posted by DirtyWhiteBoy
Come spend a month with me in Cambodia living out every wicked fantasy you have ever dreamed of, and a few filthy ones you haven't.
You'll only spend about $3000 but it will be something you would take to your grave as being the best money ever spent.
Then you will have $47K left to do what you want. You can't lose!!!!
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