I need some ideas, where I can invest some money and live off it. Would like ideas was thinking buying owner finance homes with a little down. Rent them out and just pay the note off the rent and have whatever job.

weed

First guess....sell that 116k for cash. Pray the government doesn'tcatch wind...and then buy transformers action figures.

LMAO

property

Buy hot girls off the streets and they will make Money for u

This dumb piece of shit has a point........neg, he does not.

This post was edited by Spruce on Nov 27 2016 01:49am

Buying property is your best bet, to either flip or rent out. Both will require a lot of work, more than most people are aware of. When renting out property that is not paid off you have to keep in mind that if a tenant wants to screw you, and not pay their rent. You are stuck with those payments, and legally evicting someone from their home can take up to a year if they don't comply and want to push it into you going the legal route.

Flipping houses you have to be prepared to take a loss, or have to sit on a house that is finished for a long time.

If you want to get into either you are going to want enough money in cash to be able to buy a foreclosed house, plus have enough to refinish it.

I bought a house for 63k, put about 10k into it and it sold for 136k. I am now in my second house that I am refinishing to sell when done. I got this one for 40k. Comps in the area for a refinished house are 135k-145k or there about. So when I am done with this one and I am able to sell it I will then have enough to buy two more. Only owing property tax on the one I won't be living in while I refinish them both. You have to keep in mind that sometimes life will get in the way of things. My father was diagnosed with terminal cancer, so I am currently not really able to finish the house. So for now I am living off my banked cash I have saved for repairs to the current house. Which will in turn make me have to work for a bit to finish this house when I run out of money. Once I get a good amount of savings back up and I am ready to settle down, my plan is to buy row houses somewhere and have multiple apartments in each one, or do split level housing rented out. But I want to be able to have the properties completely paid off, so if something else does arise, I am able to not go into financial ruin because of it

Still not as dumb as you though

read this whole aborition. None of this happenend.