OT: Best investment/use of real estate profit

[Stinger92860]

Hi, we ended up with a profit from a 2nd home sale (without being specific, it is between 50k and 100k). This was a rental property. Should we use it to pay down the existing mortgage on our regular home? Should we look for another rental property and use it as a down payment? Is it smarter to invest it in the stock market? Is some other investment a better choice? We are still working but hope to retire in 1-2 years, and we could boost our retirement savings too.
Thanks!

donate all of the profits to pay for the next coaching staff.

 

[Jay-Bone]

weed

Weed is actually quite low right now, might not be a bad idea.

Unfortunately bitcoin is not low, that train has left, for now. My fun money is on Bitcoin Private awakening from the dead, but that is way too complicated.

Travel pumped 10% on the Merck pill alone. This is the way if there are no further more contagious mutations.

 

[Conndog]

When people say “invest in weed”, what do you mean?

 

[husky429]

When people say “invest in weed”, what do you mean?

I assume they mean stocks for companies that produce cannabis. There's even some ETFs at this point.

 

[Yardigan]

I assume they mean stocks for companies that produce cannabis. There's even some ETFs at this point.

Not exactly...but, that's probably not a bad idea either...

 

[Stinger92860]

Lol. No

Bitcoin, lol, I told ya

 

[Samoo]

If another property is even remotely on your radar, 1031 is the answer here. Sounds like it might be too late though.

1031 doesn't actually save you any money on taxes, just lets you decide when to pay them.

 

[WestHartHusk]

1031 doesn't actually save you any money on taxes, just lets you decide when to pay them.

Even if you are just deferring, it increases your ROI and is an interest free loan from Uncle Sam. And there are definitely ways to avoid ever paying taxes in your lifetime using 1031.