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Anonymous
Best way to invest inheritance? 2016-06-05 06:45:03 Post No. 1285949
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Best way to invest inheritance? 2016-06-05 06:45:03 Post No. 1285949
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hi /biz/
my mother passed away this and fortunately for me she left a decent amount of money so I wouldn't be scrimping and scrapping for my life. she wanted me to not just get by so she set up a decent life insurance policy and had her house.
If i get the amount I believe I get initially I will have a decent amount of cash to invest my inheritance. Ideally I would like to invest in property because the housing market here is so ridiculous that this will be the only chance I had to have a sizable down payment/ out right buy a condo/ townhouse. I will hopefully inherit more when my step father dies as it is all suppose to go to me in the end, but who knows what will happen in the future he's still has a chance to have another life and change his will.
Now I dont make much right now around $30k. I am aiming to be up towards $50k+ by the end of the year so i can make a mortgage payment.
Would it be wise to invest the money in property? I would like to have a condo paid for outright and rent it out to pay off a mortgage on a phase 1 townhouse.
do you think any of this is conceivable?
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>>1285949
>do you think any of this is conceivable?
??? What, whether or not buying property is conceivable?
If you believe that the market is bullish and you're bound to make money (this isn't true for many countries right now but there are always exceptions) then do it. I assume you have your basic necessities covered.
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Well if housing is in a bubble right now where you live, why do you want to buy into it?
Seems foolish. Probably better to put it in a cheap index fund and forget about it for a while
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Rent should NEVER be used to pay a mortgage you FUCKING IDIOT. IT'S UNRELIABLE. Rent should only be a sweet sauce on the hearty meal that is your job income.
Get it? You dumb, stupid, weak, pathetic, white, white... uh-uhh... guilt... white-guilt, milquetoast... piece of human garbage.
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>Ideally I would like to invest in property because the housing market here is so ridiculous that this will be the only chance I had to have a sizable down payment/ out right buy a condo/ townhouse.
dont throw away your money because you think *now is the only chance you'll get. that's the wrong idea. research housing prices over the past decade and get a feel if you think the numbers are artificial. also, at least wait until the end of the year, especially if you're american.
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>>1286341
it goes up... i live in Vancouver. It's a retarded place to live in terms of affordable housing
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