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Updated over 5 years ago on . Most recent reply

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9
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1
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Anna Kristensen
1
Votes |
9
Posts

I can borrow 100k private loan, what should I do with it?

Anna Kristensen
Posted

Hi,

Newbie seeking advice! I can’t get a bank loan (my income is too low and irregular), but I can borrow 100k from family, or sell a share worth 100k of my property overseas.

What can I do with 100k?

I hear about people buying properties for 80k, but having difficulty with where in the US would is a smart area to buy. If they are too cheap, doesn’t this attract low quality tenants? Scared to lose my nest egg.

I rent in New York now, and want to stay here for a few more years, so thinking of buying a rental property but not sure where

ideas appreciated!

Thank you!!

Most Popular Reply

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1
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2
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Benjamin Blei
  • Contractor
  • Philadelphia
2
Votes |
1
Posts
Benjamin Blei
  • Contractor
  • Philadelphia
Replied

Philly is tough and New Yorkers are getting their butts kicked. They don’t understand the market down here. It’s totally different. But there are a lot of opportunities.  

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