You have a spare 100k sitting around, where would you put it? - Page 2

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  1. #11
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    Property would definitely be my go-to, but up in Canada, we didn't get hit nearly as hard as the US, (people didn't borrow more and spend more then they could afford, so we didn't have much of a bust) and the province I live in (Manitoba) there was never a real estate boom to begin with. Out of any province, Manitoba has changed the least (something like 4% growth in the last year) so there isn't much swing to make a bunch of money. Also even inner city shitty houses up here still go for over 100k, in the states a house that would cost 250k costs over 500k up here in this dumpy broke ass city, because our buildings have to be be built for the huge climate swings, so better windows, walls, roofs, foundations etc. I get seriously jealous when I watch those House Hunters and I see how cheap property in the US is. People bitching about a 250k house being too expensive, when its 5000sqf with 6 bedrooms, 3 car garage, etc.

    Perhaps I will look into possibly some tax lean sales or something?

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    Quote Originally Posted by VII View Post
    Property would definitely be my go-to, but up in Canada, we didn't get hit nearly as hard as the US, (people didn't borrow more and spend more then they could afford, so we didn't have much of a bust) and the province I live in (Manitoba) there was never a real estate boom to begin with. Out of any province, Manitoba has changed the least (something like 4% growth in the last year) so there isn't much swing to make a bunch of money. Also even inner city shitty houses up here still go for over 100k, in the states a house that would cost 250k costs over 500k up here in this dumpy broke ass city, because our buildings have to be be built for the huge climate swings, so better windows, walls, roofs, foundations etc. I get seriously jealous when I watch those House Hunters and I see how cheap property in the US is. People bitching about a 250k house being too expensive, when its 5000sqf with 6 bedrooms, 3 car garage, etc.

    Perhaps I will look into possibly some tax lean sales or something?
    Yeah I completely agree with this. The real-estate market is much more expensive up here to get into... 100k doesn't go very far at all.
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    I am in the same boat, can't decide on what to invest in, and love having access to my cash so my $100 000 is in a high interest saving account getting 1.20% making just over 100$ a month
    Last edited by MasterWhite; 03-24-2013 at 06:52 PM.

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    Quote Originally Posted by MasterWhite View Post
    I am in the same boat, can't decide on what to invest in, and love having assess to my cash so my $100 000 is in a high interest saving account getting 1.20%
    Either you are drunk, a liar or not very smart. Having said that leaving a sizable chunk of change in a savings/checking is moronic. At a minimum I would be using an overseas CD at 3-5%, throwing in a roth IRA investing heavily in small cap stocks or even finding small businesses needing an investment bump.

    Unless you can dedicate time I would never touch real estate.
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    Quote Originally Posted by Forfend View Post
    Either you are drunk, a liar or not very smart. Having said that leaving a sizable chunk of change in a savings/checking is moronic. At a minimum I would be using an overseas CD at 3-5%, throwing in a roth IRA investing heavily in small cap stocks or even finding small businesses needing an investment bump.

    Unless you can dedicate time I would never touch real estate.
    I don't touch stocks, nor do I invest in businesses or retirement funds as I don't like to risk that 100 000$ and I have my retirement figured out . What is this overseas CD you speak off?

    U must understand I want as little risk as possible
    Last edited by MasterWhite; 03-24-2013 at 07:40 PM.

  7. #16
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    Quote Originally Posted by Forfend View Post
    Either you are drunk, a liar or not very smart. .
    Take it easy, don't need to be an asshole because he isn't doing what you would. Lets keep this thread positive
    Izucantc, 0ddball and Irelentless like this.

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    Quote Originally Posted by Macman View Post
    Yeah I completely agree with this. The real-estate market is much more expensive up here to get into... 100k doesn't go very far at all.
    It does if you figure out how to put deals together. If you look how some of the real successful guys borrow money and do deals, its stunning, they think out every single detail and stretch every dollar. Different than the lawyer or doctor who just wants to have that extra investment on the side.

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    REAL ESTATE

    Split that 100K into two down payments on two properties that could be apartments for example. Find anything with low monthly fees that you can rent out to qualified renters. The monthly payments will pay for themselves through the rent you receive. You'll be buying property for free essentially. Interest rates are at the lowest of lows right now. There's nothing wrong with doing a down payment.

  10. #19
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    Quote Originally Posted by 0ddball View Post
    It does if you figure out how to put deals together. If you look how some of the real successful guys borrow money and do deals, its stunning, they think out every single detail and stretch every dollar. Different than the lawyer or doctor who just wants to have that extra investment on the side.
    I agree, but don't know enough about this whole "buy with little or no money down stuff" real estate stuff. Not sure how it would translate to our banking/legal system up here. They make it very difficult in order to keep people from getting over-leveraged and underwater

  11. #20
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    Realestate aside, are there any other things you guys would do? Looking for lower risk, but still at 5+% gain.
    MasterWhite likes this.

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