What to do with $150,000

[Kayla Utley]

We refinanced our house to purchase a property we were going to run as a STR. Closing costs to refinance were $2500. We had enough home equity to pay cash for the house. Seller backed out on deal. Advice on how and where to invest or use the money. We could just put it back toward mortgage but would like to purchase some assets.

[David Ginn]

@Kayla Utley

If you want to make residual income and cash flow, lend it right now. Our clients lend money out right now at 12% and 3. 75 points. So what you have to do is go in and learn through getting educated from others who are in the process.

Also, you can lend as little as 5,000 up to millions. If you lend, you now have skin in the game via a lender and you're going to lend to people who are in the business that know what they're doing. You want to lend to someone who's done 10,20 or 100 homes. It allows you to be able to invest in them and then watch what they do through the process and then learn from the person who knows what they're doing. That way you're making money right at the start but you're also getting educated because your money is involved.


This is my advice and If you have more questions, let us know how we can help you.

Make it a great day!