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Are financial instruments the only realistic avenue for investment of cash under $100K?
Basically stocks, futures, and IOUs are priced well enough for you to use $100K or less and have a diverse portfolio. RE is out of the question unless is in an extremely depressed market with no real chance at rebounding.
I have searched on internet but of course anything you find is just bait for you throw money at something.
What other options are out there cheap like stocks? Anyone ever do peer to peer lending?
there's crudefunders which is oil and gas crowdfunding.
Then what other avenues are there besides financial markets
I just dont like financial markets because I dont have any control other than choosing to sell and buy other ones. Id rather have something more direct.
Are there people who have trouble paying for medical school? They need a loan right. Can I not undercut the traditional lenders by offering better rate? That is why I mention peer to peer lending. I was thinking about specifically paying for something like a medical school. Doctors make lots of steady money.
I really really want to buy RE, but I just dont think under $100K is enough for a good area. I have to buy something out in like North Platte NE, and those areas are losing population.
if they have tjhe ability to pay and demonstrated a want to pay ,banks don't say no . credit worthy has two aspects to it .
demonstrating an ability to bay , and also demonstrating a want to pay .
i don't believe what you said for a second to be true about them being bypassed .. there is something wrong with either or both of those requirements.
that does not mean there are not some that can change . but since i can't tell good from bad i would stay away .
i already got burned buying a tax lien on a house thinking they would pay us the 18% interest on the taxes we paid on their behalf and their house was at stake .
I assume this was a friend or family member you were attempting to help, a noble act. But as I have learned from attempting to help family, and you did with this situation, those in financial trouble too often have no strong desire to pay. That is how they got themselves into trouble.
I assume this was a friend or family member you were attempting to help, a noble act. But as I have learned from attempting to help family, and you did with this situation, those in financial trouble too often have no strong desire to pay. That is how they got themselves into trouble.
not anyone we knew .. it was just a tax lien sale by the town . after two years of owing taxes they lien the house and sell the tax lien .
we didn't really expect to get the property . we really were doing it for the 18% interest . the owners always come up with the money at the last minute .
well this time they didn't . so with the people still living in the house we had to start the eviction process .
so now we are in to this for 2 years back taxes at 12k a year , and now legal fees .
they used every tactic to stall the court so they were finally evicted almost one year later and 3 years taxes
but now they left their stuff behind . it was basically junk but nj law says we have to store it for months and if not claimed and paid for it is ours .
so now a moving company moved everything out to storage . now we had storage fees for 6 months and moving expenses .
at the end of the time frame we had to pay again to have the stuff removed .
while the house was empty , we can't prove it but we are pretty sure the ex owners went back inside and vandalized the house ripping out all plumbing and wiring .
basically the house was trashed . my partner luckily was a builder so we ended up gutting it and starting over inside .
by the time we sold it the money we made and the aggravation was hardly worth it .
i would never get involved with these tax liens ever again .
Last edited by mathjak107; 01-13-2020 at 04:49 AM..
i did p2p lending. thought about real estate crowdfunding. pulled out. more hassle than worth, at least to me.
exactly .. in order to make it pay off you need the lower quality rated stuff and you need to buy lots of them to diversify the risk .. at the end of the day most who do p2p lending average worse than just buying a high yield fund or a fund like fidelity capital and income which has junk bonds and distressed stocks .
Then what other avenues are there besides financial markets
I just dont like financial markets because I dont have any control other than choosing to sell and buy other ones. Id rather have something more direct.
Are there people who have trouble paying for medical school? They need a loan right. Can I not undercut the traditional lenders by offering better rate? That is why I mention peer to peer lending. I was thinking about specifically paying for something like a medical school. Doctors make lots of steady money.
I really really want to buy RE, but I just dont think under $100K is enough for a good area. I have to buy something out in like North Platte NE, and those areas are losing population.
Doubtful. Rates are really low right now anyway and you would be taking a lot of risk so you would/should demand a HIGHER rate.
If the one in a million shot that Medicare for all got passed, doctors will be making less money.
Or can I use the money I have as collateral to get another loan? Then I have more money to do more with. Can I get a credit line, and then use that to purchase something more? Basically, a loan on top of another loan.
Actually, I also own a condo. I tried to get a line of credit for that, and then use that as downpayment for another piece of RE.
Then what other avenues are there besides financial markets
I just dont like financial markets because I dont have any control other than choosing to sell and buy other ones. Id rather have something more direct.
Are there people who have trouble paying for medical school? They need a loan right. Can I not undercut the traditional lenders by offering better rate? That is why I mention peer to peer lending. I was thinking about specifically paying for something like a medical school. Doctors make lots of steady money.
I really really want to buy RE, but I just dont think under $100K is enough for a good area. I have to buy something out in like North Platte NE, and those areas are losing population.
IMO, financial markets are the best and easiest for most people. When I was right out of college I did not understand or trust markets, and it took a few years of watching and studying to get comfortable with the idea of having serious money in the stock market.
If you can never get comfortable with the idea of owning stocks, I suppose rentals are one of the obvious alternatives. You certainly don't need more than $100k to get started in many areas. When I had rentals in the past I believe 30% down was the general guideline for an investment mortgage.
I'd be careful with anything else, especially anything that's illiquid. The one's I've seen people get involved with have always ended badly.
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