paranos I would never get portfolio advice from you. He should be 60% stocks 30% bonds 10% metals.. He's young he can afford high risk
Hey A-hole he may be young but he has 5 people depending on him now as their sole provider. Stop trying to give out advice from your investing for dummies book, he needs wealth protection that generates some cash now so he can use to supplement his NFL income while reinvesting the rest . If Artie Burns gets hurt who is going support his brothers, girlfriend and infant child, especially when the markets start to correct themselves as the Fed raises rates and we go through a volatile election then its aftermath.
An FYI I was a commodity analyst for 8 years for the 3rd largest global commodity company. After that I went to work for a company managing a $600M Portfolio of Municipal Waste Franchises so I know the utilities and refuse markets very will, an by default the inner workings of public administration.
All the instruments I suggested are practically recession proof and low volatility. People will always use utility companies, as for waste management as they say three things that one can never avoid are death, taxes, and garbage. As for HOA liens, they are 1st order liens so in order to obtain a clean title they must be satisfied and they supersede everything except a Tax Certificate. An most times either the bank or homeowner or potential home buyer will pay you a premium to satisfy the HOA lien and prevent you from taking possession of the home. This is a basic explanation by the way
Tax Certificates you can look up yourself it is to long of process to explain.
The section 8 housing is guaranteed rental payment and by purchasing in a school zone you will not have to worry about illegal activities at your property. You as owner just need to keep the property well maintained (no slum lords) which you would want to do as descent person anyway. There plenty of cities were one can buy a house for $10k - $30k and rent it out for $600 - $1000/month, so finding roughly 15 homes to rent out averging $800\month will generate roughly $10k\month less 20% for the property manager ,expenses, tax's, etc. Also leaving $50k out of the intial $400k as a maintenance reserve would be prudent.
Hopefully you learned something today. Please don't hijack this thread, it is supposed to be a congratulatory thread for a young man securing his families future, not a poster ****ing contest.
Go Canes
Go Canes
