u/Bill_Mariachi

Inheritance and real estate

My wife is inheriting about $90k-$120k. We have a little student loan debt, 10k on a credit card, and no investments.

We’re planning on moving out of Seattle to either eastern Washington or north Idaho (to be closer to family).

Long term we want to get into real estate (single/multi-family rentals) and maybe storage units and a car wash, but buying our first home is very appealing.

I feel like we should do more than let it sit in a high yield savings account, but I’m also concerned about the economy crashing over the next few years.

What’s the smartest way of putting this money to work in real estate?

reddit.com
u/Bill_Mariachi — 3 days ago

Advice on how to make most of an inheritance

My fiancé and I are inheriting about $90k-$120k. We have a little student loan debt, 10k on a credit card, and no investments.

We’re planning on moving out of Seattle to either eastern Washington or north Idaho (to be closer to family).

Long term we want to get into real estate (single/multi-family rentals) and maybe storage units and a car wash, but buying our first home is very appealing.

I feel like we should do more than let it sit in a high yield savings account, but I’m also concerned about the economy crashing over the next few years.

What would be a smart strategy so we don’t fuck this money up?

reddit.com
u/Bill_Mariachi — 3 days ago