/biz/ - Business & Finance

Here's what you do.

Buy a home and rent it out. Nothing makes money like real estate does. The returns grow faster, they're safer, and most importantly it's monthly cash flow. You need to create a cash flowing asset and real estate is were it's at.

Put a down payment on one home. If you're a first time buyer you might only need to pay 5-10% down payment. Works that way in Canada. Dunno about your state. If not you'll have to put 20% down.

Buy a house or 1 bedroom condo. (Not 2bedroom as don’t want troubles of having 2 people to pay the bill) Or even buy a pre development condo. This will be your new investment tool. Rent it out and have someone else pay down your mortgage.