Saturday, January 7, 2012
Please help. We are about to receive $100,000!?
Congrats especially during these times. I would pay off your debt, then I would buy a duplex, and rent it to college kids, I wouldn't worry about the land. I was in a similar situation as you, but with 19k not 100k. Paid off a huge chunk (about 1/2) of my debt and didn't add any! " However you would be debt free. Once you have renters, let your hubby get some toys like a boat, heck you could pay it off in 1 1/2 - 2 yrs. Tell him to use "common sense", from one man to another, stop thinking small! Duplex = $1000 a month x 12months a year x (example)10yrs ownership = $120,000. Gee a boat? a truck? new car for the wife? and still can put 20k in the bank.Tell him to wake up!
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