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Updated over 1 year ago,
restarting after bk divorce and deployment!!!!!
Hey everyone,
More or less I want to tell you my story here and in a year when I get back from military activation I'm going to take the time to read your comments.
I'm an AZ National Guardsmen getting ready to mobilize to CENCOM. long story short I've been in real estate since I was 19 yo. I started my own portfolio after building my exwifes grandparents trust up by buying a 4 plex in Killeen, TX While I was serving at FT Hood. I got out and divorced around the same time and built a credit card and loan portfolio of over 250k. Ended up starting school at ASU and left for a military obligation for a few months in 2018 when I came back, I bought a total 13 flips in the course of 12 months and sold all but one and lost everything to a shady contractor that stole 40k from me (don't pay all of the project upfront and don't let contractors in your home without a bond license and valid insurance policy. and verify everything before hire.). I ended up having to hand the property over to my money partners and project manage for free and filed bankruptcy in 2/20/2020... my credit score wont be over 670 for another 6 years. even though I've paid all my debts off minus existing mortgages, bought numerous cars and have incredibly healthy payment history. once my score hits 690-700 the credit beurres tank my score 30-100 points for random reasons like decrease in balances or automatic increase in card limits... lol the funniest one was when I paid my car off after 3 years and was my youngest account. my age of credit went up, but my score tanked 80 points... at 670 now so it'll probably go down next month for no reason... ANYWAYS............ When I get back from deployment I will have roughly 80k and no debt... I have a sneaking suspicion the American economy will be in a housing recession. but if its (likely) not in the toilet... i'm looking for an alternative to real estate investing. also currently in Phoenix, AZ. I hate it here.
SO MY QUESTION TO YOU ALL IS:
If you had to start all over and had 80k cash in the expensive economy with a 5 year old bankruptcy where would you invest and What type of investing would you do?