If you had $100,000 .... ?
by Ken Longley
(Vancouver, BC)
No, this is not a Barenaked Ladies spinoff (sorry to plant that song in your head now). I have had this question in my head, wondering what would Tom and Nick do if suddenly $100,000 dropped into their laps.
Given your variety of investment strategies, the current market, etc, I'm wondering how you would use it.
Would you use it as a 10% downpayment on a $1,000,000 Apartment building?
Would you use it as a 20% down on a $500,000 triplex/apartment/student rental?
Would you make 2 $50,000 (20%) downpayments on $250,000 single family homes?
Or spread it real thin and make 5 $20,000 (10%) downpayments on $200,000 townhomes?
I know this is a wide-open question, and knowing you, I'd expect you to mix and match, but I guess I'm just curious about which market you would be leaning towards and how thin you might spread yourself.
