ok, i just need some advice. im about to get married and i have 5000 dollars and no job. i found out about this positive cash flow thing and im wondering if i should try to get financing for a 20,000 dollar duplex with 30% return or just use the money for my honeymoon and buy later. any suggestions welcome. thanks,
jonahEspecially if you have no job always go for what gets you more money.
Personally I couldn’t enjoy a holiday knowing I was blowing all my money and would return with nothing. I think my partner would understand and probably appreciate my investing for the future.
30% return on $20,000 = $6,000 / year. Considering you are putting in $5,000 you will be seeing close to a 100% return on investment.
I have trouble believing a duplex would cost $20,000 or that it would return 30% however. Is it actually a park home (a cabin in a holiday park)? If it is you can’t get a mortgage for it and with no income you would have a great deal of difficulty in securing a loan of any sort.
I would recommend saving the $5,000, get some form of income (any sort will do) then certainly get some assets.
Surrey. (I’m also getting married soon and trying poorly to save for the occasion!) [biggrin]
I tried getting my last investment deposit playing Poker. Only problem was that I was using Tarot cards. I got a full house. Three people died!
Gatsby!Hey Gatsby,
You have the weirdest sense of humour, I like it though [cigar]Jonah,
Is that net profit on your 5k? If you are talking of a caravan/cabin, look into the site fees, they can really add up. Sounds a little too good to be true, so it probably is….look a little closer.
Sue“Be careful not to step on the flowers when you’re reaching for the stars”
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