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Anonymous
Best way to invest inheritance?
2016-06-05 06:45:03 Post No. 1285949
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Best way to invest inheritance?
Anonymous
2016-06-05 06:45:03
Post No. 1285949
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hi /biz/
my mother passed away this and fortunately for me she left a decent amount of money so I wouldn't be scrimping and scrapping for my life. she wanted me to not just get by so she set up a decent life insurance policy and had her house.
If i get the amount I believe I get initially I will have a decent amount of cash to invest my inheritance. Ideally I would like to invest in property because the housing market here is so ridiculous that this will be the only chance I had to have a sizable down payment/ out right buy a condo/ townhouse. I will hopefully inherit more when my step father dies as it is all suppose to go to me in the end, but who knows what will happen in the future he's still has a chance to have another life and change his will.
Now I dont make much right now around $30k. I am aiming to be up towards $50k+ by the end of the year so i can make a mortgage payment.
Would it be wise to invest the money in property? I would like to have a condo paid for outright and rent it out to pay off a mortgage on a phase 1 townhouse.
do you think any of this is conceivable?