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Updated over 1 year ago on . Most recent reply

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Tim Watson
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12
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What to do with $50,000

Tim Watson
Posted

Hey folks.  I am looking for an advisor, and I have a standard question that I ask every one that I have spoken to.  I have yet to get a creative answer (pay down debt, max out your retirement, etc... is the almost universal advice).  I thought this might be a good place to pose the question:

I have $50,000 equity in my home on a fixed 6% HELOC. What would be the best use of that money so that I am able to develop a cash flow portfolio that I can continue to grow?

Most Popular Reply

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17,720
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Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
15,273
Votes |
17,720
Posts
Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
ModeratorReplied

@Tim Watson

I am not sure there are any licensed financial advisors on BP - a lot of people who may have stayed at a holiday inn last night playing one.

Without knowing your full financial and personal picture, any advice is not worth much since no one knows anything about you

  • Chris Seveney
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7e investments
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12 Reviews

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