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May 12, 2022
10:04
:54
am
whoneedscorners?
All-American
We paid cash
We were going to refinance at the completion of the project.
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whoneedscorners?
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whoneedscorners?
Joined
Oct 2, 2005
Last login
May 29, 2024
Total posts
30,067 (1,509 FO)
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Messages
Author
Time
If you were sitting on a wad of cash, if 500K what would you do with it now?
RedBeard
5/12/22 9:55am
Buy a rental property, perhaps
Dan
5/12/22 9:56am
I just did that recently
whoneedscorners?
5/12/22 9:59am
Did you refinance it? Why didn't you lock in a mortgage?
ebv
5/12/22 10:02am
We paid cash
whoneedscorners?
5/12/22 10:04am
Darn. Sorry to hear that. Hopefully the flip goes well.
ebv
5/12/22 10:06am
It will be okay
whoneedscorners?
5/12/22 10:08am
Not judging here but why did you pay cash, rather than finance it up front, and
Iman23
5/12/22 10:08am
Or were you going to get your cash back out with a higher appraisal? That could
Iman23
5/12/22 10:11am
The transaction was such that we needed to move quickly with a cash offer
whoneedscorners?
5/12/22 10:17am
Have you asked your neighbor for ideas?
Gustav
5/12/22 9:57am
RE: If you were sitting on a wad of cash, if 500K what would you do with it now?
Sea Chicken
5/12/22 9:59am
RE: If you were sitting on a wad of cash, if 500K what would you do with it now?
Indy Coug
5/12/22 10:01am
Take half and DCA the market as it continues to go down.
byubyu
5/12/22 10:02am
This is the way.
ebv
5/12/22 10:03am
Pick a time to put it in VTI, VTSAX or similar. Either lump sum or DCA. That's mostly because I have a long investing
slappy
5/12/22 10:03am
Buy a Lamborghini.
Flippy
5/12/22 10:03am
nothing
Belboz
5/12/22 10:07am
Buy some land and develop it on the coast! In six months, I'll let you know if
toadie
5/12/22 10:08am
Build a house and be my own GC
Idacoug
5/12/22 10:13am
What is your exit timeframe? (When do you need the money?)
NOCAL_YFAN
5/12/22 10:13am
Hard money lending.
blueaussie
5/12/22 10:17am
No risk there if you have the right equipment and appetite.
ebv
5/12/22 10:24am
Pretty true
Dan
5/12/22 11:28am
Sounds bad for my back
JuicyJam
5/12/22 10:23am
I will add: What if you want to offset tax liability for the current year?
RedBeard
5/12/22 10:39am
One time gift to your good friend Loafer.
Loafer
5/12/22 10:45am
Where does everyone keep coming up with these 500k wads of cash?
ochobeeguy
5/12/22 10:57am
RE: Where does everyone keep coming up with these 500k wads of cash?
ebv
5/12/22 11:03am
Inflation. Thought everyone had one these days.
RedBeard
5/12/22 2:03pm
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