To be hones I would probably just start buying and investing in real estate i dont know if you have ever researched anything about real estate before?
If i had a million dollars, i would invest it in some sort of hard asset. I have not researched much about it.
Thats what Im talking about.
Tell me a bit.
Assets are the way to go. And dude, Real estate is amazing. So basically here is what you can do Step 1, you have to save up some cash so that you have enough to put a down payment on a small home and then have some reserves in case something goes wrong Step 2, you have to buy a home that has some sort of second apartment. like a basement apartment or a small side house thing
Do you keep reserves in case like a pipe breaks or the electricity ans wiring is bad? Stuff like that? So that you can rent it to someone,
Yep! But here is the deal, YOU have to live in the basement apartment because the actual house rents out for way more!
Interesting. And if you want to buy a second house to do the same thing? Are you talking from experience?
In fact, if you buy the right house, the math will actually work out so that the revenue that you make on rent is actually just about the same amount as the payment you make on your mortgage So as you live in the basement (basically for free) whoever you rent our house out to is literally paying your mortgage and buying you a house
Thats super nice. Thats a really smart way of doing things
And no i dont speak from experience, I just like the topic, I think its interesting! I know right!
Sorry i have to go. See you!