coming in to extra money

godblessourhome

thanks heartsdesire and auntdeedee, i wasn't sure if it was directed at me or not and i wouldn't want to come across that way.

proudmommylmb

Well, for me I would take out a home loan to purchase a property to fix n flip and then take the rest of the money and transfer it to a bank account in a Turkish bank CD....CD accounts in Turkey have 16%-18% yearly return on your money. You would then pay off your loan by the interest from the CD in the turkish bank, fix up the new property with the interest, and go shopping with the interest. After maybe 3 years take your money back out and then continue on.

That's what we've done before and the return for us on certain properties has been tremendous as well as having our money saved as is. Some cases we had 1800% return investing in property abroad.

Grokette

my brother and hubby bought a house this summer to fix and flip. it was on the market for two hours and we received a full-price offer. the closing was this morning! it has officially sold and we made a profit! whoo-hoo!!!

i am excited! part of the money will go into another house to fix and flip, a tithe to our church and towards taxes, but now i get to start dreaming of what to spend our portion of the extra money on. i would like to fix up a couple things around the house, buy a new king bed, buy a large fully-grown tree for the front yard, put aside some money for adoption and take a trip to italy with my hubby and boys. we'll probably only do one of those things, lol, but it's nice to dream.

what would you do with some extra cash?

I know I am not going to have the popular answer here, but................

Me, personally................I would not be planning on spending a dime. If my husband and brother bought the house, did the work and then sold it - then after all the obligations are taken care of the rest is HIS money. He is the one that worked for it. If he so chose to share and either give me some of the money or said we were going to use part of the money for something for the house or family then so be it...............if not, that is HIS money you are pre-spending.

I run a part time business and the money I make from said business is not shared with my husband. My full time job goes to our household, savings, etc. The part time job is MINE, all MINE unless I decide to share.

godblessourhome

I know I am not going to have the popular answer here, but................

Me, personally................I would not be planning on spending a dime. If my husband and brother bought the house, did the work and then sold it - then after all the obligations are taken care of the rest is HIS money. He is the one that worked for it. If he so chose to share and either give me some of the money or said we were going to use part of the money for something for the house or family then so be it...............if not, that is HIS money you are pre-spending.

I run a part time business and the money I make from said business is not shared with my husband. My full time job goes to our household, savings, etc. The part time job is MINE, all MINE unless I decide to share.

what is mine is hubby's and what is hubby's is mine. the house was bought with money i received as an inheritance when my dad died. i say my hubby and brother bought it because they had the idea and put the work into it. they made all the decisions. but the initial funding came from me and we will spend the money from this house together. there is no 'his' money or 'my' money; it's always 'ours'.

ladybg81

Take a certain percentage and save and pay off debt with the rest