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Reply to "What would you do with extra money?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would buy an investment property with it. Put down some money, use some to fix it up and rent it out.[/quote] In our area? Where would you buy such a property with only 50k and get a positive cash flow?[/quote] Probably outside of Baltimore. You'd still have a mortgage (hopefully a 15 year mortgage), but the rent would cover it and then after 15 years it's pretty much all profit. You'd probably break even month to month, but in the long run you'd about $2000 cash flow a month and of course could sell it whenever[/quote]
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