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Updated about 8 years ago on . Most recent reply

User Stats

1
Posts
0
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Ernest Kalk
  • Real Estate Investor
  • Sumas, WA
0
Votes |
1
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Risk free income????

Ernest Kalk
  • Real Estate Investor
  • Sumas, WA
Posted

I just inherited 200k tax free and MUST use the money for a permanent monthly income as i have been on $600+ a month disability for many years and DONT want to go back to being broke!! Im thinking a safe established business but many people mention RE flipping. If YOU only had 200k To last the rest of your life, what might you invest in?  Thanks!

P.S. I live in a million dollar+ home that i inherited 5 years ago. Paid in full, but i ABSOLUTELY DONT want to borrow and owe monthly payments until i know ill have the income to cover the expense! I currently dont owe anything to anybody, but have a horrible credit score duedue to past health Expenses.

Most Popular Reply

User Stats

45
Posts
20
Votes
Bryan L.
  • Rental Property Investor
  • Brewer, ME
20
Votes |
45
Posts
Bryan L.
  • Rental Property Investor
  • Brewer, ME
Replied

Yikes, sounds like you should downsize as the taxes on a million dollar property exceed your current income!  

  • Bryan L.
  • Loading replies...