What To Do With 100K Cash?

Ok investors,



If you had 100K cash, free and clear, what would you do with it to maximize your return in the least amount of time possible? No comedians, please.



JohnCl

Comments(11)

  • mattspence231st August, 2005

    It would be best not to invest all 100k on one property. I would also stay away from all cash deals unless you were going to do a quick flip, Otherwise you would be lowering your rate of return. You could also do some tax liens and get guaranteed returns 10 to 20 percent.

  • JaneSherman2nd September, 2005

    I have brokered to a commercial bank that will go to 90% up to $1 mil. with a FICO of at least 680. I just bought a 6 unit in TX with this loan and am getting a positive cash flow. Thanks, Jane[ Edited by woodsong on Date 09/02/2005 ]

  • knsv2nd September, 2005

    Quote:
    On 2005-09-02 17:18, JaneSherman wrote:
    I have brokered to a commercial bank that will go to 90% up to $1 mil. with a FICO of at least 680. I just bought a 6 unit in TX with this loan and am getting a positive cash flow. Thanks, Jane<BR><BR><font size=-1>[ Edited by woodsong on Date 09/02/2005 ]</font>


    Thats pretty inresting what are some of the requirements for that, are they looking for anything specific, etc..

  • knsv2nd September, 2005

    Quote:
    On 2005-09-02 17:18, JaneSherman wrote:
    I have brokered to a commercial bank that will go to 90% up to $1 mil. with a FICO of at least 680. I just bought a 6 unit in TX with this loan and am getting a positive cash flow. Thanks, Jane<BR><BR><font size=-1>[ Edited by woodsong on Date 09/02/2005 ]</font>


    Thats pretty inresting what are some of the requirements for that, are they looking for anything specific, etc..

  • commercialking2nd September, 2005

    Use it as earnest money to tie up property with development potential. Get long mortgage contingency periods, use the time to come up with a user. Flip the deal while still under contract.

  • Stockpro994th September, 2005

    I would take some of it and get educated I tie up a million dollars in eisting properties by using blended sub to financing. last month I bought one with 40K down and take over payments and another for 15K. I then rehabbed and flipped one for a 18K return and should make 20 on the other by next month. Preconstruction is great in vegas or phoenix but not really that good of an investment overall in areas of flat or languid appreciation. For that you need to get educated and know the market that your investing in.
    [addsig]

  • Konte9th September, 2005

    Are you sure you can assume the existing Mortgage? or are you just assuming you can? Have you read the sellers Mortgage Agreement? if not I suggest you start from there, if you have problem understanding it then take it to a Lawyer to explain it to you.

  • cmiller99869th September, 2005

    Yes, the existing loan is an assumable commercial loan with lender approval. The mortgage does not give specifics on what criteria are used for approval of the buyer/deal.

    I am very interested to hear any experience on the assumption approval process from someone who did this (before we call the bank). Is it the same difficulty as getting a new loan? Thank You.

  • InActive_Account9th September, 2005

    Call the bank and get an assumption pakage. It will tell you what you will need to do.

  • cbrechbill116th August, 2005

    another option is purchasing in a LLC name and then selling the LLC.

  • knsv16th August, 2005

    How can you get a loan on a LLC name?

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