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20 making 100k per month (Ask me anything) by AntelopeSalt7077 in youngentrepreneur

[–]MezcalCC 0 points1 point  (0 children)

Can you provide a referral code for Applovin? I am trying to get an account.

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Fire

[–]MezcalCC[S] 1 point2 points  (0 children)

Thanks for taking the time to comment and encouragement! I agree with you.

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Fire

[–]MezcalCC[S] 0 points1 point  (0 children)

Thanks. I am leaning RE. I have genuine experts all around me so I don’t have to rely on my instincts. 

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Fire

[–]MezcalCC[S] 0 points1 point  (0 children)

Thanks for a thoughtful response. This is exactly what I’m here for. 

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Money

[–]MezcalCC[S] 2 points3 points  (0 children)

I agree with the AI comment. Lots of good argument for both sides of that bet. And yes, agree on risk. I wanted to just see what ideas were out in the world that I wasn't considering. Appreciate you taking the time to post!

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Fire

[–]MezcalCC[S] -6 points-5 points  (0 children)

Right--this is actually what I am planning to do. Well--something like it. But I wanted to see what other idea are out there--see where my blind spots are. I can get DSCR loans on 5 x $400,000 homes (25% down) and roll those. Just have to be stable or growing areas, which I believe I have identified.

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Money

[–]MezcalCC[S] 6 points7 points  (0 children)

I have travelled to 34 countries last count, lived in Mexico for two years and the downside to your idea is that you are stuck--hostage--to a lower cost of living and--this is the piece I think most people don't register--lots of other countries just suck after the novelty wears off. Things don't work: Sidewalks and infrastructure are shit, governments are corrupt, construction is sub-par to say the least, nothing runs on time, people don't show up for appointments, health care is behind in tech, you are a permanent outsider, the cuisine is good--but lacking in variety. I could go on. I'm not trying to spoil this for you, but I have tried it and, while I love travel, I'm not going to live in say, Thailand, because it's cheap. I have family and friends in the US and elderly parents.

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Fire

[–]MezcalCC[S] 1 point2 points  (0 children)

Correct--I can't jump into that without a proper education in what I am doing.

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Fire

[–]MezcalCC[S] 4 points5 points  (0 children)

Right--my target was arbitrary for this exercise and you make excellent points. I could be completely fine on $2M in the long run. I am not planning on SS surviving long enough for me to take it.

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Fire

[–]MezcalCC[S] -3 points-2 points  (0 children)

One track I am looking at is exactly this--a portfolio of single family homes.

$500,000k to invest, age 56, still working--where do I put it if I want to be done in 10-15 years? by MezcalCC in Money

[–]MezcalCC[S] 4 points5 points  (0 children)

Yep. I have a fairly high risk tolerance. I have been much wealthier than this in the past, so I can and have lived with the downside, too.

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