mothersucker
Member
Personally I'd rent a house in the SFBay, throw down 12+ lights, and ball in 3 months.
Oh wait I did that.
Oh wait I did that.
NHMI
Member
Well you could put money down on a house or start a business, but you would have to research cost of living in areas vs jobs availability and taxes but that would be one hell of an oportunity...as long as you don't give up you can make it. I would rent a place if I couldn't get credit for a house with a $20k down payment...but I wouldn't waste it gambling cuz people will usually go til they lose everything rather then playing responsibly.
mothersucker
Member
By the way I just realized that you have a pretty big pocket. What are you wearing?
Because you asked twice I'll speak up.
As OneLove has already said money / cash talks. Imagin this situation an investor has just purchased a foreclosed home for cash (it is happening all the time in MED states). Let's say the investor paid $100K at auction, maybe you are at the same auction because you know which home you'd like to live in.
You offer that investor $10K down and a purchase (option price) of say $120K (meaning you have to pay off $110K) then you come to an agreement on rent / option period and payment. Say rent of $1K a month and a 7 year option period to come up with the $110K.
Why would an investor take this? Well he just got $10K back on his $100K. He is getting $12K in rent a year (less taxes and expenses) on his $90K. He gets nice tax breaks owning a rental home.
When you do buy the house for $110K he makes $20K on $90K investment and he collected $1K a month in rent for the period.
There are a lot of homes owned by individual investors and they'd be willing to make a deal.
Also let's say instead of keeping all his cash tied up in this house investor took out a mtg. He could get a $90K mtg backed by the house and your $12K in rent payments. He could get all his cash back the day of closing and be cash flow positive.
People who have mtgs on their homes can still sign a binding lease option with you.
igrowkushbitch
Active member
buy some property in oregon and blow that shit up. double or triple your money in a summer.
Sandnut
Active member
- Get a home, rent a house
- Go on a vaccation to a nice country with sunny beaches
- Invest some money
- Build a kick ass grow room
STACK THAT MONEY BITCH @@$$$$$$
O
OrganicOzarks
I got my house as a foreclosure for 115k with 20% down and no credit check from a local bank. Almost one year later my house is worth between 250k and 300k depending on how long you want it to sit on the market. My house is 3000 sq feet and more than I will ever need. People in my town think that we have a lot of money. However I gutted this house to studs by myself so the remodel was only about 30k. Everything is brand new. The shell of the house, some insulation, some wiring, and some plumbing were left. Other than that everything else is top of the line. With one car payment and a very small mortgage we can live off of the 2400 watts of flower that I have if we needed to. We do not, but if the shit hit the fan we could. As far as what "living" is, depends on who you are. Do you need expensive cars? Had them. When they break they cost way more than a regular car. Do you need to have nice watches and jewelry? I already have that, and I don't wear them very often. Do you need expensive clothing? What's the point? That is as big of a waste as an expensive car that is brand new. Coming from someone that could call the bank and say I have found a new Land Rover I want to go pick up in aother state and they say ok, and everything is done by the time i make the 3 hour drive to get the car "stuff" is not important. I use to be very well off. I owned the company. I called the shots. I also did not see my kids or my wife very often. Although they had plenty of money to spend while i was gone. Now I live in a small hippie town where "stuff" is not so important. Family, Good Organic Food, Good Organic Smoke, home schooling, and enjoying life is important. So now I am happier than ever, and I do not need near as much money to live as i did when I was "well off". Irony. I could turn your 50k into 500,000 really damn fast. However I would have to go back to not living life the way i would like to. To me it is just not worth it. I would rather get my mortgage paid off, and need even less money to live. Being able to enjoy everyday is the most important thing to me now. I will say that you can blow through 50k really quickly so whatever you do make sure and do as much research as possible. Also it is your life, and whatever is important to you is what needs to be done. "stuff" really does not matter. As I wear my Tag Heuer watch and type this. My wife wanted me to buy the Rolex, and i told her that I felt to bad spending that kind of money on a watch. Now isn't that some role reversal. 
smoke_tayo
Member
slim pickens, i remember you from the boards a couple years back and you were in the philippines. la union, right? ever get your hands on good stash. last time i was there the gear was nastyyy. all the politics and npa and drama has messed it up for good it seems.
i'm sure you know what 50k would do you for over there on the islands. a lot, that's for sure!!! so did the heat get to you? hope you enjoyed your stay. i love that country.
i'm sure you know what 50k would do you for over there on the islands. a lot, that's for sure!!! so did the heat get to you? hope you enjoyed your stay. i love that country.
Securityfirst
Active member
Move to my house in California for free. We can buy all of my neighbors indoor and then resell for a profit of 5k a week.
If you are a good marketer this is a great idea. You can buy lbs all day long and flip them.
There is more money in this than growing, but it too is a tough game.
Greenstar420
Member
hehehe. Hell yea, love that movie.
These kind of threads allways show how different the members are here.The kids and the adults..lols..But both are a good thing to be.
I want to be a kid, how do I switch teams?
me too !!!
i would get a race engine for my ride. 50 k aint much tho
I want to be a kid, how do I switch teams?
First Thanks for chiming in Hydrosun. I appreciate it.
Tired of being a grown up.
Lets say you wanted to buy a house that was not at auction etc... You see it on realtor.com. Go and check it out and want to make an offer. Without having your parents cosign etc... is there anyway that you can buy this house. If you've got the 10% in the bank but not enough income on the books where they would approve you for a loan. Is your only option to make a deal with the owner?
If I understand correctly. You're saying it doesn't matter if the owner has a mortgage and does not own the property outright. They can still sell it to you. I'm thinking about people with car notes. How when they still owe on the car, they have to get their financing people to approve you to take over the loan. I guess in this case. The loan would not be assumed, but another loan would be issued? From the owner to you, with the first loan still existing.
