Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Innovative Strategies
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 9 years ago,

User Stats

7
Posts
0
Votes
Angel Ortiz
  • Bridgeport, CT
0
Votes |
7
Posts

10K Will change my life

Angel Ortiz
  • Bridgeport, CT
Posted

Hello all, thanks for stopping by, today I have an important question. Hopefully I'm posting this in the right section but if not then please go easy on me.

First I would like to explain my scenario.

Ive been living in a rent stabilized apartment my whole life. It was my father's unit at the beginning of this year I've took over the apartment as the successor after my family moved away. I'm posting about $600 for rent for a two bedroom here in the Bronx, NY, and I'm a 24 hour stay home dad. My babies mother works full time as an assistant manager at a retail spot and we are a low income family barely making any money to save. We fell behind on rent and the landlord wants to evict us. I met with the landlords representative, and they offered me a deal. The landlord decided to buy me out of the apartment and not owe any of the back rent. So.. I've been working really hard at learning wholesaling and I've decided to master it but money us still an issue... Needless to say, I've accepted the landlords offer realizing that I need to take this risk of accepting the buyout and using this money to invest in myself. I plan to get my real estate license and drivers license and a small used car. 

Now, the thing is... Guys I really need help. I have to use this money to turn my life around and invest in myself and something. My son needs his daddy to make sure everythings going to be okay. And this is me seeking advice on what I should do with the money. With my knowledge of money today, it's only a matter of time before it's all gone. I need the minds of you amazing people to help me think to get to a better place. 

My question is, what should I do with the 10k? Thank you guys.

Loading replies...