I have a Disablity & make 20k-40k after tax live in Basement Would like to use Goverment $ to build Section 8 & Social security Income and disablity income eventually covert section 8 to rent to own
I’m 35 and have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying and look at stocks instead?
Great question. If you are looking to buy a home, and are serious about the home, and this is the only capital you have, I personally now would not risk the capital trying to chase yield in the short term. If the market drops while you are looking, and you find a great home, then you will have the choice of buying the home and taking a loss on the stocks, or passing on the home. When rates come back down, pricing will start going up again. So, if you are serious in becoming a homeowner, in my opinion, I would focus my efforts there.
Recently my wife and I just sold two real estate properties for a total sumof $800k. We plan to purchase a new house next year, the cash is just sitting in our joint savings account. What do you recommend we do? I will appreciate any suggestions.
Certain stocks and commodities are a good hedge against inflation, however you need to know what the heck you're doing or better still, seek help from a money coach/invt-advisor.
I would not risk the capital if it is being used to purchase your home. It's okay for it to sit in an account. I would also go with a money market account. Congrats on the sale!
That's a great discussion thank you very much I'll be looking forward to Jake's book and hopefully investing in a multi-family with my son
Love the inspiration Gino !! Thank you!!
thanks for listening!!
I have a Disablity & make 20k-40k after tax live in Basement Would like to use Goverment $ to build Section 8 & Social security Income and disablity income eventually covert section 8 to rent to own
Great video mark!
He's a terrific interviewer!
Good info!
thanks! Happy Thanksgiving
I’m 35 and have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying and look at stocks instead?
Great question. If you are looking to buy a home, and are serious about the home, and this is the only capital you have, I personally now would not risk the capital trying to chase yield in the short term. If the market drops while you are looking, and you find a great home, then you will have the choice of buying the home and taking a loss on the stocks, or passing on the home. When rates come back down, pricing will start going up again. So, if you are serious in becoming a homeowner, in my opinion, I would focus my efforts there.
Recently my wife and I just sold two real estate properties for a total sumof $800k. We plan to purchase a new house next year, the cash is just sitting in our joint savings account. What do you recommend we do? I will appreciate any suggestions.
Certain stocks and commodities are a good hedge against inflation, however you need to know what the heck you're doing or better still, seek help from a money coach/invt-advisor.
schwab money market 5% plus or tbill no fed tax
schwab money market 5% plus or tbill no fed tax
I would not risk the capital if it is being used to purchase your home. It's okay for it to sit in an account. I would also go with a money market account. Congrats on the sale!