What's a good thing to invest in

**97guns** · 08-02-2013, 07:51 PM

in agreement with your co-workers here, im looking at another property right now, if i get it i can make 19% on a 22K investment provided its rented out 12 months out of the year. at that rate you would have your 22K returned to you in 65 months, barely 5 years then everything else is pure gravy. you gain income 2 fold 1 with the rents and you add wealth through equity, providing you buy it right which i have.

**wiz998** · 08-02-2013, 08:03 PM

Well the property is about 75k and will need some work. The funny thing is the property is in the same neighborhood where my co worker lives. I asked my co worker if his house has gone up in value which it hadn't that's y ik thinking of not buying the property.

**97guns** · 08-02-2013, 08:47 PM

real estate is very dependent on location. whats working in my market may not in yours, its all about the numbers

**disneysteve** · 08-18-2013, 04:53 PM

Originally posted by wiz998 View Post

Hi everybody im new and I was just wondering what's a good thing to invest in. One of my co-workers said I should do real estate but I think thats risk business rite now.. I have 22k saved up in my money market account I do save a lot of money at least 1500 to 2000 a month I save. The only debt I have is a auto loan for 9000. Im only 25 and make about 60k a year. I want to save up a 100k ps I dont know if im posting this in the right thread.

If you have 2K/mo. free, first thing to do is pay off the car. That will only take you 4-5 months. What % of income are you currently saving for retirement? Your goal should be 15% of gross income so about $9,000/year for you. If your employer has a plan with a company match, use that. It gives you an instant 50% guaranteed return. If no match, use a Roth IRA.

One thing to think about though is when you anticipate needing the money. You don't want to tie money up in a retirement plan if you want to buy a house in a few years.

**ZZZ** · 11-08-2013, 08:12 PM

Real estate is a great investment - if you have time and the knowledge. Before rushing into real estate, get familiar with the market and the pros/cons of that investment strategy.

Google Bigger Pockets.

^^Great blog/forum on RE investing. I'd recommend spending a few months researching before making a decision.

In the meantime, set aside 6-9 months of cash in an emergency fund. With the rest, in order: buy into a low expense Roth IRA; pay down any high interest debts.

**Jason35** · 11-23-2013, 07:06 AM

Real estate is always a good investment. Especially if you can buy something and lease it out. That way you get a regular income that you can put aside and let it grow.

What's a good thing to invest in