Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

5
Posts
4
Votes
Levon Williams
  • Las Vegas, NV
4
Votes |
5
Posts

what would you do?

Levon Williams
  • Las Vegas, NV
Posted

hello BP.

i have been hanging around here for awhile now as a looker and there is some great information here. 

that said, my goal is to be a succesfull real estate investor. not a big time one one that allows me and my family financial freedom. So  here is my question, i know enough about real estate to be dangerous. 

From our tax refund we are getting money back. i need to use that money to pay bills that are in the rears. i also know that if i dont do something now next year will be the same as 2014. i cant live with that. 

What would you do? 

1. take the money and invest it in a quick turnover using real estate?

2. do as the wife wants and pay bills.

I dont know when ill get achance to have this kind of money in my hands that i dont have to pay back.

My credit is important to me, and is in bad shape i am working on fixing so borrowing is out.

i have sold everything that has value (except the dogs).

my plan would be to quickly find a wholsale deal that i can turnover within 7  days.

i am looking now and its tough finding the right deal.

thanks for any and all suggestions.

Most Popular Reply

User Stats

131
Posts
63
Votes
Travis Hamilton
  • Real Estate Investor
  • Destin, FL
63
Votes |
131
Posts
Travis Hamilton
  • Real Estate Investor
  • Destin, FL
Replied

I'm with your wife on this one.

Loading replies...