Rio Foreclosure
£40000 or $60000 to Invest or start a business – what would you do?
I was thinking of the following
- Buy property in Miami, a lot of foreclosures there, maybe put down deposits on two apartments. I have calculated that each apartment will leave me with $1000 per month after expenses – if occupied.
- Buy shares – Rio tinto, Glaxo, Xstrata, Anglo American . . . but not sure I want to risk that much money in shares in case I lose it all.
- Start a business – I am not sure what sort of business I could start especially if it involves sales since most people will only buy food thesedays – recession etc
- Just keep it in the bank – not a good idea since interest rates are low.
- I would have bought property in the UK but buy to let requires 25% deposit for new homes and the mortgage rates don’t leave any income.
What would you do? How would you invest that much money?
Personally I would invest half in US depleted housing market and place the rest in mutual funds. http://www.mutualfundwealth.com/
DEL RIO Foreclosures, HUD Owned Home for Sale – 203 ECHO VALLEY DR, 78840
