40K to spend

[PrePaidNextel]

hey I have $40K that I wont need to use until a least a year from now. at that point I would need access back to the $40k.
whats the best way to maybe earn something on this 40k other than a basic savings account? Keep in mind that I won't need to touch any of this money for at least a year.

[Amortized]

hey I have $40K that I wont need to use until a least a year from now. at that point I would need access back to the $40k.
whats the best way to maybe earn something on this 40k other than a basic savings account? Keep in mind that I won't need to touch any of this money for at least a year.

buy a lot. put the lot on the market 30-60 days before you're going to need the money.

[_Chris_]

hey I have $40K that I wont need to use until a least a year from now. at that point I would need access back to the $40k.
whats the best way to maybe earn something on this 40k other than a basic savings account? Keep in mind that I won't need to touch any of this money for at least a year.

what kind of return are you looking for?

[Just Dave]

buy a lot. put the lot on the market 30-60 days before you're going to need the money.

alot of what? Great advice :roll:

[Strangeholliday]

alot of what? Great advice :roll:


"lot " not " alot "

[Jake]

alot of what? Great advice :roll:

A lot, like where you would build a house.. or, a 40,000 acre lot.

[BigBadBuick]

"lot " not " alot "

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[AmandaR]

like a piece of property... a "lot" its actually a pretty good idea!! there is property in cape coral that is being bought and sold like crazy. my title company is doing a TON of vacant land lots down south

[PrePaidNextel]

hey thanks for the info!

any realtors in here that can find me a decent lot?

I wonder how much can a lot appreciate in a year time?

[Amortized]

hey thanks for the info!

any realtors in here that can find me a decent lot?

I wonder how much can a lot appreciate in a year time?

a lot can appreciate alot! :D With any real estate, its all about location, I'd look for nieghborhoods that are just getting underway in areas that are seeing a lot.....eeeerrrrr....a whole bunch of growth. There are 2 areas up here where you could have bought an acre for $10-15k last year, this year its up to $40k per acre. Don't expect these kinds of returns, but you can still expect 20-25% if you pick a halfway decent location, maybe more if you're lucky.

Talk to Scott, he's a realtor.

[Amortized]

alot of what? Great advice :roll:

LMFAO. love the sarcasm.