What would you do with a million bucks?

[Outdrive1]

i would also buy a river house. There is a killer one that has minor flood damage to the boat house. But that shit can be replaced. Im guessing that old fuck that ownes it is probally ready to get rid of it

I missed that, where's the thread?

 

[460]

I missed that, where's the thread?

http://www.riverdavesplace.com/forums/showthread.php?t=47925&page=8


Poor dude

 

[Outdrive1]

http://www.riverdavesplace.com/forums/showthread.php?t=47925&page=8


Poor dude

Oh, you said river, I assumed his cabin was on a pond in the middle of nowhere.

Anyhow, Fuck Brown.

 

[460]

Oh, you said river, I assumed his cabin was a pond in the middle of nowhere.

Anyhow, Fuck Brown.

 

[Abc123]

Definitely switch to Coors Light bottles for a couple weeks; been drinking cans way too long.

.

hahaha

I have two sons.
Some of it would be set aside for them as a rainy day fund, not available for them to piss away.
I would take my Mother on the Alaskan Cruise she has always dreamed about, and pay off her little mortgage so she could enjoy the years she has left.
I have a couple of friends who are hard workers, and they have had a tough time of it lately. I would help them.
I would give some to a couple of charities.
The rest I would use to mitigate the impact coming hard times will have on my family.

:thumbsup

 

[Guest]

The Human fund...

 

[ptc]

I would put it all in my smoker and light it up... So that my entire neighborhood could enjoy it too!....

 

[Wicky]

I'd join a union!!

 

[whiteworks]

I'd put my daughter through school, thats about what its gonna cost.:smackhead

 

[milkmoney]

well it would make 2.3 mil in the bank then...

 

[TCHB]

$300K older daughter
$300K younger daughter
$100K brother

$300K to the wife so she can travel the world.

 

[DaveC]

Not much :thumbsdown

Thats only $540K after taxes.

 

[HighRoller]

Give some to Charity and try to spread Joy.













(They both work at the local strip club!!!!)

 

[Dan Lorenze]

I would buy property..

 

[Some Kind Of Monster]

And it would jack your agi (if it isn't already jacked) and you'd get hosed because according to the government you'd be filthy rich

And as you know you pretty much lose all the deductions everyone else gets to take. And everyone knows people who earn a lot of money don't pay their fair share of taxes, at least according to the gobament anyway :skull

No thanks. Keep it.

I will thank you

 

[DaveC]

Wait. Other people get deductions?.... FAWK!!!!

And it would jack your agi (if it isn't already jacked) and you'd get hosed because according to the government you'd be filthy rich

And as you know you pretty much lose all the deductions everyone else gets to take. And everyone knows people who earn a lot of money don't pay their fair share of taxes, at least according to the gobament anyway :skull

No thanks. Keep it.

Don't pay fair share. Noted!

 

[locogringo]

With a million bucks cash that was given to me, I'd do the following...

15% to charity.

Buy 3 $100,000 houses that are worth $150,000.

Do lease option scenario on these three houses with No Down, No New Loan advertising.

Have the three "tenants" come in with 5% of the $159,000 offered lease-option amount. Base their monthly payment off of an 8% I.O payment for 5 years which would make their monthly payment $1060 a month. Credit them $500 bucks a month towards equity building for when they do buy the house.

In 5 years, they can refinance the property for the then current market value. We would share that increased equity (from the $165k mark to the then current price) 50-50. I would get my initial $100,000 that I bought it for, PLUS the already built in equity at inception ($59,000), PLUS all of the payments that were being made in the 5 years, PLUS 50% of any accrued equity that was realized over the $165,000 mark.

Each house would realize a potential $123,000 profit PLUS any future appreciation from inception of lease.

The best part: 74% of the time, these lease option people would not end up fulfilling the 5 year contract and are known to leave early. With this scenario, the 5% they put as consideration towards purchasing the house is lost. $7,950 is just extra fluff money and I do the program all over again.

IMO, this is the easiest way to create short and long term wealth. In five years time, go out and buy 10 houses and keep rolling everything over.

The rest of the million bucks would be going to Uncle Sam more than likely.