Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on .

User Stats

62
Posts
25
Votes
Samuel Fletcher Hardy
  • Rental Property Investor
  • Florence
25
Votes |
62
Posts

More Money than Sense, What to do when receiving a large sum!?

Samuel Fletcher Hardy
  • Rental Property Investor
  • Florence
Posted

Hey guys!

Some background
My wife and I(both 25) have recently liquidated some assets($50k) due to relocating across country and have decided to sell our triplex for a $200k-$300k profit. We also make $4000 a month and $10k-$25k two times a year. We are extremely frugal and have no consumer debt. My wife is a stay at home mom now(we have a 2 month old son!!!) and I am currently going to college(GI bill).

We have other rentals and plan to continue to invest in sfh's but this is going to be 65%ish of our net worth liquid all at one time.
With the rest in super conservatives retirement funds,  a split family business in Seattle, and other real estate.

My thoughts on how to move forward.
We have purchased $20k in livestock(registered black angus) for personal use more than anything
We plan to invest $50k into a small business we own that would push the $10-25k to $50k or greater
We need to finish about $35k in rehabs

To pay off all properties would cost $140k(not really considering it)




We are finally at a point in life where saying "what do we have to lose "  is not an option anymore and we need to protect our capital better. Any advise is very welcome!