Inheriting house worth ~40k

crypto currency obv

>>2038737
ETH

beans

>>2038737
rent out the house, invest the money from it into stocks and crypto, go back to work, take that money invest in stocks and crypto.

once you get enough stock and crypto stacked up cash up and buy another rental.

repeat cycle.

Once you get 500,000 in equity get multi-family rental property (duplex, three-plex, etc.)

A house worth 40k? Is it a one-room shack innawoods or something?

>>2038806
Lol, no, just in a shitty neighborhood and is over 100 years old.
I'm not complaining though.

>>2039057
Hey, 40k is 40k.

That said, I'm a shitty investor, so I'm gonna hold off on giving recommendations.

Is the area getting gentrified anytime soon? Could be worth holding on to.

Where the fuck do houses cost 40k? You live in a third world country, like America?

>>2039281
Midwest, in a not so great part of town

>>2039332
The trick to succeed with real Estate is simple: never EVER sell. Closing costs/agents fees will be 5k to 10k so there goes 25% of your money, and capital gains tax is another 30% on the remainder, so really if you sell you'll be left with 20k. Much better to hold it and enjoy an easy garuanteed income for the rest of your life. How much does the place rent for, OP?

$40K for a house? Even in bumfuck, mississippi that's a cheap house. I recommend fire insurance.

>>2038737
>inheriting a house
>invest in wat?

Start with a roof, then some cabinets, a lawn, a lawnmower. a deck, repair the plumbing the floors the


wait a second this is just a giant hole I'm throwing money into

INVEST EVERYTHING IN DOGECOIN.
EVERYTHING.
RIGHT.
N
O
W

PRAISE KEK

>>2038771
Why 500k?

This sounds too simple.