I
iceman28o1
Guest
I need some advice on what to do with my liquid cash of 40,000. I am a 30 year old student from Florida who has been accepted to Pharmacy school in New York. My problem is that I have 4 properties here in Florida and a business.
Here is a list of properties.
Rentals, mortgage, income, and purchase price.
1. 22,700@6% income 450.00 month, expenses 310.00 month, paid 31,800
2. 45,[email protected]% income 700.00 month, expenses 560.00 month, paid 56k
3. 62,[email protected]% income 635.00 month, expenses 600.00 month, paid 105
Personal residence 117,[email protected]% expenses 1060.00 month, paid 188,000
I want to by a new car, notice I said want!, but I also want to start paying off my debt. Hopefully in 10 years I can have everything paid off and this would be nice supplemental income. My problem is that I have to move, I cant pass up this oppurtunity for Pharmacy school i've worker 5 years just to get here. My other option is to sell everything because I will not be able to quit my job, study full time, and have rental properties 20 hours away. What should I do with the money? Should I pay off the 23,000 loan and keep the rest in the bank or try to sell everything and try to recoup some of my down payments. Im so confused on what to do, its stresses me everyday. I have until July 2010 before I have to move. any advice would help.
Here is a list of properties.
Rentals, mortgage, income, and purchase price.
1. 22,700@6% income 450.00 month, expenses 310.00 month, paid 31,800
2. 45,[email protected]% income 700.00 month, expenses 560.00 month, paid 56k
3. 62,[email protected]% income 635.00 month, expenses 600.00 month, paid 105
Personal residence 117,[email protected]% expenses 1060.00 month, paid 188,000
I want to by a new car, notice I said want!, but I also want to start paying off my debt. Hopefully in 10 years I can have everything paid off and this would be nice supplemental income. My problem is that I have to move, I cant pass up this oppurtunity for Pharmacy school i've worker 5 years just to get here. My other option is to sell everything because I will not be able to quit my job, study full time, and have rental properties 20 hours away. What should I do with the money? Should I pay off the 23,000 loan and keep the rest in the bank or try to sell everything and try to recoup some of my down payments. Im so confused on what to do, its stresses me everyday. I have until July 2010 before I have to move. any advice would help.