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Reply to "WWYD? $300K inheritance, job searching with BA degree but old crim charge on background check"
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[quote=Anonymous][quote=Anonymous]A friend inherited $300K. He has never utilized his BA degree (I think in business) because of an old felony drug charge - it was a hotel party, there were drugs, it got broken up, he got popped. He assumes nobody will hire him, except he did work for a while in various service positions in management (I guess they gave him a chance). But the pay was like $45K. So, he started a company of his own. It's doing ok - maybe he nets $80K/year. But he just inherited $300K, and he is pondering what to do. Start some franchise? [b]Or buy a rental property?[/b] He has a wife and 2 kids under 10. What would you do?[/quote] Buy more than one rentals with that money. Not necessarily around here. There are other markets where 300K would go very far (don't use all of it) and you could live full time off of it.[/quote]
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