12-12-2004, 01:44 PM
I would take it and make it work for me. Instead of sock holing the money away, like say, for college, I would take the 50 grand and turn it into a few hundred thousand. Maybe more. 50 grand is more then enough seed money to make some real magic happen, if done properly you can generate a whole lifetime's worth of wealth from it and never need to worry about finances ever again.
Just in time for Christmas, right now in my area is a massive bank forclosure auction that will be happening soon. Bidding on all lots starts at $1.00. Could probably pick up two, three, maybe four or more good lots with 50 grand. And turn around and sell them slashed down below market value where others can't resist. Say, 25 to 50 grand each. Sell four lots at best projected value... 250 grand, easy money. Or you might get a dozen or three so so lots for 50 grand. (Not many people want to buy these for some reason... Easy pickings) You could, in turn, lease them to the government for Section 8 or HUD housing. They offer fair market value on rent. (They also overspend, and usually they will send a flood of money your way. If their department doesn't spend a certain amount of money a year, they get less money next year, so they bleed money, hemorage money, to inflate their spending on paperwork) Hire a management company to run the lots. Around 25 to 30 or so lots generating HUD and section 8 payments, hrm, probably 75 to 150,000 grand a year in total, minus fees for management company, possible repairs, etc. I have seen entire trailer parks go up for sale in auctions, trailers included, the whole kit and cooboodle. While many dislike the folk that live there, trailer parks can generate hefty bags full of cash. Most of the trailer park owners could get very wealthy if they were to quit blowing their own earnings on crack cocaine and booze themselves. Just don't live on your own property and I am sure it will all be ok.
One of my own recent ventures involved vending machines, not for my own gain, but to generate money for a program. I invested almost 25 grand into a fairly large vending machine route. Some of the locations now with a lot of foot traffic and a lot of thirsty and or hungry people can generate 500 bucks on a single weekend. And that's a single location. Once I generate the 2000 to 3000 dollars it takes to supply them every month, they are golden.
So many ways to turn one dollar into two... So little time.
Just in time for Christmas, right now in my area is a massive bank forclosure auction that will be happening soon. Bidding on all lots starts at $1.00. Could probably pick up two, three, maybe four or more good lots with 50 grand. And turn around and sell them slashed down below market value where others can't resist. Say, 25 to 50 grand each. Sell four lots at best projected value... 250 grand, easy money. Or you might get a dozen or three so so lots for 50 grand. (Not many people want to buy these for some reason... Easy pickings) You could, in turn, lease them to the government for Section 8 or HUD housing. They offer fair market value on rent. (They also overspend, and usually they will send a flood of money your way. If their department doesn't spend a certain amount of money a year, they get less money next year, so they bleed money, hemorage money, to inflate their spending on paperwork) Hire a management company to run the lots. Around 25 to 30 or so lots generating HUD and section 8 payments, hrm, probably 75 to 150,000 grand a year in total, minus fees for management company, possible repairs, etc. I have seen entire trailer parks go up for sale in auctions, trailers included, the whole kit and cooboodle. While many dislike the folk that live there, trailer parks can generate hefty bags full of cash. Most of the trailer park owners could get very wealthy if they were to quit blowing their own earnings on crack cocaine and booze themselves. Just don't live on your own property and I am sure it will all be ok.
One of my own recent ventures involved vending machines, not for my own gain, but to generate money for a program. I invested almost 25 grand into a fairly large vending machine route. Some of the locations now with a lot of foot traffic and a lot of thirsty and or hungry people can generate 500 bucks on a single weekend. And that's a single location. Once I generate the 2000 to 3000 dollars it takes to supply them every month, they are golden.
So many ways to turn one dollar into two... So little time.
All alone, or in twos,
The ones who really love you
Walk up and down outside the wall.
Some hand in hand
And some gathered together in bands.
The bleeding hearts and artists
Make their stand.
And when they've given you their all
Some stagger and fall, after all it's not easy
Banging your heart against some mad buggers wall.
"Isn't this where...."
The ones who really love you
Walk up and down outside the wall.
Some hand in hand
And some gathered together in bands.
The bleeding hearts and artists
Make their stand.
And when they've given you their all
Some stagger and fall, after all it's not easy
Banging your heart against some mad buggers wall.
"Isn't this where...."