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416
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93
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Jason Eyerly
  • Real Estate Agent
  • Charleston, SC
93
Votes |
416
Posts

Paralyzed On Where To Use $100k

Jason Eyerly
  • Real Estate Agent
  • Charleston, SC
Posted

So, if you look at my profile you'll seen I've been on BP awhile. Most of it was come and go. When I was here last BT was still a good name and BP hadn't been sold out. Anyways, throughout life I never had income, money, and credit. Now, having read many BT/BP books, Codie Sanchez, Walker Deibel, I'm in a different position in life. I have good income >100k+ for three years, 700+ credit with no negatives (some lates over 7 years), and $100k in cash after making the hard decision to sell my dads house and truck and close out probate. I'm looking at acquisitions via SBA7a loans as the COC is the best and I'm a sucker for cash flow and anticipate real estate as a longer game but businesses as more of a snowball, but I'm paralyzed. This is my one chance to set myself up for success. My DTI is low and I'm living very minimally, with monthly expenses under $2500. I could pay off my two vehicles and buy a nice fifth wheel with cash and live completely debt free and start saving my income for something big - but I'd like to finally turn some wheels and DO something. However, I'm scared to make a wrong turn and every guru out there wants to sell me a course from $50-$10,000 and leave me with more questions than answers. I don't know what to do but I don't want to misstep and piss away this opportunity.

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