Lets say you are given $100000 inheritance. You want to grow that money as fast as possible and as safe as possible.

[Allsmiles]

If you have a rental, expect to completlely repaint (and patch holes) and replace all the flooring with every tennent. Also, unless the laws changes, tennents can stop paying and it can take month to evict them while you are still having to make payments on property. Also, expect a big rehab after they are finally gone as they will trash the place. I would much rather get a foreclosure for a good price and just rehab/sell it if that is an option.

 

[GAgunLAWbooklet]

This thread may be relevant to a friend of mine who was injured in a car accident that was not his fault several months ago and has been out of work ever since.

He thinks that he may get a large enough insurance settlement to buy a house!

Although in his case his choices are going to be kind of limited because he wants to buy a house suitable for his elderly parents to live in and they have mobility issues, so he's probably gonna have to look at a ranch house with no stairs and maybe have a home remodeling company come in and widen some of the interior doorways to make them suitable for wheelchairs .

 

[ExplicitBoricua]

SCHD would probably payout some nice quarterly dividends down the road, and just let it "DRIP" as they say, and don't touch it!

Or go NVDA, VTI, VXUS (60/20/10). But SCHD sounds very nice!

 

[InTune]

If you have some remodeling skills and don't mind the moving . And.....I know it is hard living in a place with construction going on but, you can tax exempt 500000.. married, 250000 single, the capital gain on your personal residence. You have 2 yrs to reinvest after the sale of your personal residence. Once in a lifetime.. So, buy a fixer upper. Live in it while you make improvements. Sell it. Buy another

 

[renagadeinjun]

You ran outda thirds.......

Yeah, well the first two got that third too

 

[renagadeinjun]

well, wife inherited 80k from her father in 2012,
she bought a 90k house,
now she owes a little more than 10k left on mortgage
and the house is worth 250k.
that's pretty close to your guidelines.

Send pic's of wife ........ I mean of house

 

[basstracker89]

Most people don't inherit much of anything. They're usually broke when they pass. Just somethin to think about. Anytime we were ever given anything, we did somethin good with it to make a difference. It does add up over time

 

[greg vess]

Three keys of blow and a house full of hookers working for you. No question! 🤣

 

[MallardSX2]

Put it in the S&P 500 and forget about it.

Depending on your age, that is really solid advice…

 

[Dan Muk]

Buy 5 acre pulp wood lot in county at least 45 mins from outer perimeter. Use 20K to purchase glock 17’s and ar-15’s at today’s surplus prices (obviously not on ODT) After AOC gets elected as POTUS in 3 years sell all glock 17/AR Stock at gouge prices at local gun show, build retirement barndominium on 5 acre wooded lot after you sell off the pine.