What would you do w/ 100k
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What would you do w/ 100k (by Bob [OH]) Sep 10, 2020 3:14 PM
       What would you do w/ 100k (by NE [PA]) Sep 10, 2020 3:23 PM
       What would you do w/ 100k (by myob [GA]) Sep 10, 2020 3:29 PM
       What would you do w/ 100k (by Nicole [PA]) Sep 10, 2020 3:43 PM
       What would you do w/ 100k (by Bob [OH]) Sep 10, 2020 3:44 PM
       What would you do w/ 100k (by Ken [NY]) Sep 10, 2020 3:45 PM
       What would you do w/ 100k (by DJ [VA]) Sep 10, 2020 3:47 PM
       What would you do w/ 100k (by Gene [OH]) Sep 10, 2020 4:13 PM
       What would you do w/ 100k (by Barb [MO]) Sep 10, 2020 4:19 PM
       What would you do w/ 100k (by MikeA [TX]) Sep 10, 2020 4:34 PM
       What would you do w/ 100k (by razorback_tim [AR]) Sep 10, 2020 4:38 PM
       What would you do w/ 100k (by Robert J [CA]) Sep 10, 2020 5:16 PM
       What would you do w/ 100k (by Sisco [MO]) Sep 10, 2020 5:35 PM
       What would you do w/ 100k (by Dodge [PA]) Sep 10, 2020 6:32 PM
       What would you do w/ 100k (by Pmh [TX]) Sep 10, 2020 6:49 PM
       What would you do w/ 100k (by Laura [VA]) Sep 10, 2020 6:59 PM
       What would you do w/ 100k (by LisaFL [FL]) Sep 10, 2020 7:20 PM
       What would you do w/ 100k (by Allym [NJ]) Sep 10, 2020 9:11 PM
       What would you do w/ 100k (by Nicole [PA]) Sep 10, 2020 10:05 PM
       What would you do w/ 100k (by Small potatoes [NY]) Sep 11, 2020 1:50 AM
       What would you do w/ 100k (by Johnny [KS]) Sep 11, 2020 6:48 AM
       What would you do w/ 100k (by JIm [OH]) Sep 11, 2020 7:01 AM
       What would you do w/ 100k (by myob [GA]) Sep 11, 2020 8:54 AM
       What would you do w/ 100k (by myob [GA]) Sep 11, 2020 8:54 AM
       What would you do w/ 100k (by Oregon Woodsmoke [ID]) Sep 11, 2020 10:27 AM
       What would you do w/ 100k (by Hoosier [IN]) Sep 11, 2020 11:22 AM
       What would you do w/ 100k (by Jim in O C [CA]) Sep 11, 2020 2:00 PM
       What would you do w/ 100k (by Landlord ofthe Flies [TX]) Sep 11, 2020 4:40 PM
       What would you do w/ 100k (by Cjo’h [CT]) Sep 13, 2020 1:32 AM
       What would you do w/ 100k (by Cjo’h [CT]) Sep 13, 2020 1:37 AM
       What would you do w/ 100k (by Rob [MA]) Sep 13, 2020 8:25 AM
       What would you do w/ 100k (by Cat [WI]) Sep 14, 2020 1:32 AM
       What would you do w/ 100k (by Bob [OH]) Sep 14, 2020 10:55 AM
       What would you do w/ 100k (by Pmh [TX]) Sep 15, 2020 5:49 PM
       What would you do w/ 100k (by Cjo’h [CT]) Sep 20, 2020 3:16 AM
       What would you do w/ 100k (by Adam [CT]) Sep 20, 2020 9:03 AM
       What would you do w/ 100k (by Sanfy [CO]) Sep 21, 2020 10:00 AM

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What would you do w/ 100k (by Bob [OH]) Posted on: Sep 10, 2020 3:14 PM
Message:

Howdy.. Just looking for your guys opinion please. Long time reader

I am walking away with 100k from a flip. Not worried about tax portion. What option would you pick?

1- i owe 112k on my primary at 3.5%. I can put 100k towards it an pay it off this year. Since i use standard dediction now an cant right off interest i pay

2- i own about 45 homes an have 2 loc. 1 is 165k at 5% an my cheap one is 140k at 3.625. I could put 100k towards 5% one an have paid off in a year tops

3. Since the market is tanking right now would you throw 100k in mutual fund? Like a sp 500 or a nasdaq heavy one

Thanks --107.77.xxx.xx




What would you do w/ 100k (by NE [PA]) Posted on: Sep 10, 2020 3:23 PM
Message:

With a payday like that right now and the current climate in America, I would Invest in stock like rice and beans and dry goods and water storage. And precious metals like lead. Once those were good and able to sustain me and my family for several months, then I would move back out into the market. --70.44.xxx.xx




What would you do w/ 100k (by myob [GA]) Posted on: Sep 10, 2020 3:29 PM
Message:

how old are you and where are you in your investing career? --99.103.xxx.xxx




What would you do w/ 100k (by Nicole [PA]) Posted on: Sep 10, 2020 3:43 PM
Message:

unless you already have $100k sitting in ready cash, there is no way I'd pay off/down mortgages at this point. I'd wait for things to settle (hopefully) over the next six months or so to see what options are available.

--72.70.xxx.xxx




What would you do w/ 100k (by Bob [OH]) Posted on: Sep 10, 2020 3:44 PM
Message:

I am 42 years old..

About 45 homes

Owe about 275 with loc

Owe 112 on primary

Have about 150k in mutuals

About 250k in 401k

I can see logic in every option. Yes be nice own my home free an clear my loc are on rentald. I can pick loc since highest rate at 5%. Or i can take a shot at like fidelity otc or 500 fund.. Where both have made more than double digit returns past 5 an 10 years --107.77.xxx.xx




What would you do w/ 100k (by Ken [NY]) Posted on: Sep 10, 2020 3:45 PM
Message:

I would pay off the personal residence,nothing like having home paid off if everything falls apart.Then i would put it in a trust where noone can get to it when they sue you --104.229.xxx.xxx




What would you do w/ 100k (by DJ [VA]) Posted on: Sep 10, 2020 3:47 PM
Message:

I think it depends on your long- and short-term goals.

If you are planning to buy any more investment properties, I would park it in a mutual fund - someplace it earns a little interest while looking for a good deal.

If you are not planning to buy any more investment properties, I would pay off the highest interest debt first. Later, when you are debt-free (or closer to it) you will have extra money available to invest in stocks or whatever else you want. --70.160.xxx.xxx




What would you do w/ 100k (by Gene [OH]) Posted on: Sep 10, 2020 4:13 PM
Message:

I agree with Nicole. There is nothing like having ready cash when we are going through times like these. Who knows when your loc might be reduced or they may lock it in so you can't borrow any more. Then when you see everything is starting to go well, I would probably pay off my house which is what I did myself. --99.165.xx.xxx




What would you do w/ 100k (by Barb [MO]) Posted on: Sep 10, 2020 4:19 PM
Message:

I would do your personal home, and make that loan go away. nothing like the comfort of knowing that you've taken care of yourself. --67.43.xxx.xxx




What would you do w/ 100k (by MikeA [TX]) Posted on: Sep 10, 2020 4:34 PM
Message:

In today's world I would park the cash in something relatively safe. As others have said with the LOC, eviction moratoriums, and a retracting economy things could go south and cash will likely be necessary to make it through. If things go well in the next few months then you will have options to payoff debt or reinvest in another property. --64.130.xx.xxx




What would you do w/ 100k (by razorback_tim [AR]) Posted on: Sep 10, 2020 4:38 PM
Message:

Different people have different views of risk and debt, so the reality is that you are the only one who can determine what is best for you. I'm in pay-down-debt mode myself. Other people are in accumulation phase and in take-on-debt mode. --70.178.x.xx




What would you do w/ 100k (by Robert J [CA]) Posted on: Sep 10, 2020 5:16 PM
Message:

Having cash is never a problem when you are a real estate investor. Back in 1990 the market hit an all time high. Then over the next 7 years the market tanked, dropping 50% in value. I was driving and saw three great deals. A 5 unit, a 8 unit and a large home. I made low ball offers on all three properties.

Within a day, all three offers were accepted. Had I not had "Cash", I couldn't have closed all three deals.

Now the market is crazy. With the pandemic and millions out of work, investors are still paying crazy prices. Soon with thing fall from the sky and are again at bargain basement prices, they you can pick up some deals at half price and still have money in the bank.

--47.155.xx.xxx




What would you do w/ 100k (by Sisco [MO]) Posted on: Sep 10, 2020 5:35 PM
Message:

I vote for paying off your home.

Imagine you are faced with multiple challenges and cannot come through unscathed, with a paid for house, you won't have to move....yes, liens will be attached, but you won't be forced to move. This would be the case for your surviving spouse/children should you die.

--67.43.xxx.xxx




What would you do w/ 100k (by Dodge [PA]) Posted on: Sep 10, 2020 6:32 PM
Message:

My vote is to keep it available. High yield checking or something similar. Ready cash gives you options. --73.79.xxx.x




What would you do w/ 100k (by Pmh [TX]) Posted on: Sep 10, 2020 6:49 PM
Message:

Dodge is correct

--107.77.xxx.xxx




What would you do w/ 100k (by Laura [VA]) Posted on: Sep 10, 2020 6:59 PM
Message:

I'm with Dodge, too. --67.172.xxx.xxx




What would you do w/ 100k (by LisaFL [FL]) Posted on: Sep 10, 2020 7:20 PM
Message:

Are the 45 homes owned free and clear? There really isn’t enough information given to give an honest answer. --216.186.xxx.xx




What would you do w/ 100k (by Allym [NJ]) Posted on: Sep 10, 2020 9:11 PM
Message:

What market is tanking? You mean a little profit taking by several million guys who play stock broker at home? That's going to happen before holidays and weekends for at least the next four years.

I would pay something off so that the interest will go away. you would never get that interest from the bank. --71.104.xx.xxx




What would you do w/ 100k (by Nicole [PA]) Posted on: Sep 10, 2020 10:05 PM
Message:

What about a balance between the answers above of paying something off or hanging onto the cash?

Put the $100,000 into something very liquid that earns you a little. Say the mortgage you want to pay off is a $1000 a month P&I payment (not in my area - some of mine are only $200ish a month - but I digress on values in other areas of the country that astonish me). Pay it off at $2000 a month. You'll end up only spending $50,000 of your $100,000 (since you currently come up with the payment from other funds) and will save a bundle on the interest.

If something happens in the financial world that you really want to take advantage of, you've got cash and also don't need to continue those double payments. If you decide to work on debt free, that option is always there to take the money and pay something off. --72.70.xxx.xxx




What would you do w/ 100k (by Small potatoes [NY]) Posted on: Sep 11, 2020 1:50 AM
Message:

What I wouldn't do is park funds in an all equity position, including a sp 500 fund.the times are volitle. Ask yourself how much of the 100 k you are willing to never see again. Any reason not to pay off the highest interest first? You can't earn that in safer accounts. BTW any one of your paid off houses can be home if needed, so are you emotionally attached to the one you lay your head in? I like Nicole's reply above. --99.203.xx.xxx




What would you do w/ 100k (by Johnny [KS]) Posted on: Sep 11, 2020 6:48 AM
Message:

If I had 100k I would buy another house and pay off one rental.

As for you, I won't say because I don't know your financial situation. --72.202.xxx.xxx




What would you do w/ 100k (by JIm [OH]) Posted on: Sep 11, 2020 7:01 AM
Message:

None of the above advice would I heed. --184.57.xxx.xx




What would you do w/ 100k (by myob [GA]) Posted on: Sep 11, 2020 8:54 AM
Message:

It sounds like at 42 yrs and 45 properties-- I'd sit back and say-- what would I like to treat myself and maybe wife to?

When I was 51 I was getting ready to take a leave of absence from work for 5 years (which I did) but before I did I said to myself in all my years I never had a new car or truck. So rather than use my funds I used my knowledge and told my wife I'm buying a flipper (one of my only ones) and what I make on it-- I'm buying a new car.

I brought a VA foreclosure that had "structural damage". Mind you it was new (1yr old) A delivery truck backed down the driveway and hit he sil above the garage doors that popped the sheet rock in the master bedroom-- just below a double set of windows. I pushed the crippler back in place- put a piece of sheet rock 2.5 x 4ft on it. Didn't even paint it-- t was that new. Did a FSBO and the first Saturday Had a contract. Closed it in 6 weeks from the time I purchased.

Here's the best part: I took that 40,000 profit and brought a new sports car. A 2001 Chrysler Prowler-- Mulholland Blue. I still have it today.

So if you haven't really TREATED yourself-- do it while your young. With the assets you showed here-- stop the pinching penny's mode you may have been in.

Then pay off your place or a mortgage-- just to make yourself feel good. --99.103.xxx.xxx




What would you do w/ 100k (by myob [GA]) Posted on: Sep 11, 2020 8:54 AM
Message:

It sounds like at 42 yrs and 45 properties-- I'd sit back and say-- what would I like to treat myself and maybe wife to?

When I was 51 I was getting ready to take a leave of absence from work for 5 years (which I did) but before I did I said to myself in all my years I never had a new car or truck. So rather than use my funds I used my knowledge and told my wife I'm buying a flipper (one of my only ones) and what I make on it-- I'm buying a new car.

I brought a VA foreclosure that had "structural damage". Mind you it was new (1yr old) A delivery truck backed down the driveway and hit he sil above the garage doors that popped the sheet rock in the master bedroom-- just below a double set of windows. I pushed the crippler back in place- put a piece of sheet rock 2.5 x 4ft on it. Didn't even paint it-- t was that new. Did a FSBO and the first Saturday Had a contract. Closed it in 6 weeks from the time I purchased.

Here's the best part: I took that 40,000 profit and brought a new sports car. A 2001 Chrysler Prowler-- Mulholland Blue. I still have it today.

So if you haven't really TREATED yourself-- do it while your young. With the assets you showed here-- stop the pinching penny's mode you may have been in.

Then pay off your place or a mortgage-- just to make yourself feel good. --99.103.xxx.xxx




What would you do w/ 100k (by Oregon Woodsmoke [ID]) Posted on: Sep 11, 2020 10:27 AM
Message:

There is a lot to be said for the security of having your primary residence fully paid for.

Other than that, I'd put it someplace really secure that has instant access, at least while the current crisis shakes out and the fall elections are over and we see if we are getting more Marxism.

Something like a money market account. It pays very little, but it is insured and you can get the money easily.

Of course, the government has been seizing our rentals, so I suppose they could seize our bank accounts. But if they seize our bank accounts, they could just as easily seize our stocks and bonds. Even so, I discourage the gold bars under the mattress or buried in the back yard option. --76.178.xx.xx




What would you do w/ 100k (by Hoosier [IN]) Posted on: Sep 11, 2020 11:22 AM
Message:

I'm from the Dave Ramsey school...so I'd first make sure you have 3-6 months of living expenses, then I'd pay down the highest rate loan. --99.92.xxx.xxx




What would you do w/ 100k (by Jim in O C [CA]) Posted on: Sep 11, 2020 2:00 PM
Message:

If you have a sufficient amount of cash on hand for emergencies then I would pay down the highest interest loan. We like to have a small denominations of cash on hand for emergencies in case the banks have a computer shut down problem. $20 or $50 are too large as compared to one dollar, five dollars and $10 bills. We live in earthquake territory but the same could be said for hurricanes and tornadoes. --99.23.xxx.x




What would you do w/ 100k (by Landlord ofthe Flies [TX]) Posted on: Sep 11, 2020 4:40 PM
Message:

I'd keep the $100k until the courts opened and all the COVID profiteers started paying rent again. Then I'd pay down the home loan, then aggressively pay off the home loan. That creates one less payment owed each month. Then you can focus on the other two LOC. Maybe even sell one more home to pay off the lowest LOC loan. --108.69.xxx.xxx




What would you do w/ 100k (by Cjo’h [CT]) Posted on: Sep 13, 2020 1:32 AM
Message:

I’d never buy new cars.maybe used,I said maybe.....................charlie...just my Northern Irish upbringing.....that’s all.........no other reason.................... --32.214.xxx.xx




What would you do w/ 100k (by Cjo’h [CT]) Posted on: Sep 13, 2020 1:37 AM
Message:

Bob, you’re some flipper,why don’t you write a book,that seems to be where the real money is...............................charlie................................? ? --32.214.xxx.xx




What would you do w/ 100k (by Rob [MA]) Posted on: Sep 13, 2020 8:25 AM
Message:

I would keep it available. We are in extreem pro/con times with more to come. --173.48.xxx.xxx




What would you do w/ 100k (by Cat [WI]) Posted on: Sep 14, 2020 1:32 AM
Message:

I would pay off the personal residence. You can deduct interest on your rentals but unless you itemize which it seems you do not do, there is no advantage to paying off a rental over paying off your home.

There is something to be said to save some of the 100K for emergencies as you never know when there may be a huge expense or multiple tenants may stop paying during these times. Unless you have money saved for that already, I would save a little back.

Once you pay off your home, you will have one less monthly payment and can feel good about knowing your future in your home is safe. I would not invest in these uncertain times, personally. I would not take the risk of losing it or even some of it. We don't know what the future brings.

Good Luck. --173.87.xxx.xxx




What would you do w/ 100k (by Bob [OH]) Posted on: Sep 14, 2020 10:55 AM
Message:

Thanks for all advice an opinions. I am not one to talk to famil or friends about money. I appreciate it. --107.88.xxx.xx




What would you do w/ 100k (by Pmh [TX]) Posted on: Sep 15, 2020 5:49 PM
Message:

I would hold cash right now. you could park in mutual funds but you will be buying in at highs. I have been in 25% cash for several mos. just biding my time for the impending implosion so I can buy more houses on the cheap again. or if mkt crashes again will go all in as I did 2009. I for one am wanting another RE and/or mkt collapse. --107.77.xxx.xxx




What would you do w/ 100k (by Cjo’h [CT]) Posted on: Sep 20, 2020 3:16 AM
Message:

I’d also say “May God forgive you for asking a question like that”.....charlie --32.214.xxx.xx




What would you do w/ 100k (by Adam [CT]) Posted on: Sep 20, 2020 9:03 AM
Message:

I would be defensive about the money and either 1) keep it in cash until we see things get to normal or 2) be defensive and put the money into something that, unlike cash, won't get eaten away by inflation. Inflation is a real concern when the Federal Reserve is just blatantly printing money like they are now. Lumber prices have skyrocketed, for example, and metals are going higher as we speak. I recently sold a rental condo and instead of cash I placed the $ into some very blue chip stocks in tobacco, banks, cell phone companies and supermarkets - companies that likely would preserve your money while giving you a good dividend yield all the while not going under like a mall or mom and pop restaurant due to COVID. I like and bought 4 stocks with the 60k proceeds: tobacco giant Altria (MO) with an 8.6% dividend yield, best of breed bank JP Morgan (JPM) with a 3.6% dividend yield, rock solid cell phone/landline Verizon (VZ) with a 4.1% yield and pure play supermarket company Kroger (KR) with a 2.1% dividend. --67.186.xxx.xx




What would you do w/ 100k (by Sanfy [CO]) Posted on: Sep 21, 2020 10:00 AM
Message:

Bob, congratulations on your flip! I would say your good at that, why not use the funds to do another flip? Find what works and repeat it.

There’s been lots of good advice here. What it comes down to is

#1, what action generates the most profit for you?

And #2, what do you enjoy doing?

If the 100k is not needed for #1 & 2 above, then I would either pay off or pay down the primary residence as (Nicole said) depending on your comfort level with the current financial environment. For tax reasons I would focus on the primary residence and retain the loans & interest expense on the income properties to lower the taxable income.

Again congratulations! --193.27.xx.xxx



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