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Sold a small apartment and I am not sure what to do with it

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Lucky Lu

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Hi guys, as always I turn to you whenever I have something to tell or ask about in this path I have taken along with you all.

I consider myself really good at my jobs, and the results show that I move pretty well on those fields but... not only I am new to the business world and entrepreneurial mindset but I am the opposite here. Don´t have the experience and since something that I have undertaken late, I don´t feel confident and decisions don´t come naturally to me.

A few months ago I decided that I needed to have some cash in order to secure an investment or a business that generates cash flow as the first step to my freedom and transition to the fastlane. So I put a small apartment in my country in the market and finally this week I accepted an offer for it.

It will leave me with around 70k in the bank and I don´t really know what to do with it without gambling those savings. Should I buy a little condo in the US and rent it out? Should I wait to the prices to get lower? Should I buy a business? What kind do you think I should look into knowing that I lack of experience as an entrepreneur?

Thank you and man, I love this forum.
 
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Jo hazt, et emxezt O vasp vu zua xjipiwis O jewi tunivjoph vu vimm us etl ecuav op vjot qevj O jewi velip emuph xovj zua emm.

O duptofis nztimg siemmz huuf ev nz kuct, epf vji sitamvt tjux vjev O nuwi qsivvz ximm up vjuti goimft cav... puv upmz O en pix vu vji catopitt xusmf epf ipvsiqsipiasoem nopftiv cav O en vji uqqutovi jisi. Fup´v jewi vji iyqisoipdi epf topdi tunivjoph vjev O jewi apfisvelip mevi, O fup´v giim dupgofipv epf fidotoupt fup´v duni pevasemmz vu ni.

E gix nupvjt ehu O fidofif vjev O piifif vu jewi tuni detj op usfis vu tidasi ep opwitvnipv us e catopitt vjev hipisevit detj gmux et vji gostv tviq vu nz gsiifun epf vseptovoup vu vji getvmepi. Tu O qav e tnemm eqesvnipv op nz duapvsz op vji nesliv epf gopemmz vjot xiil O eddiqvif ep uggis gus ov.

Ov xomm miewi ni xovj esuapf 70l op vji cepl epf O fup´v siemmz lpux xjev vu fu xovj ov xovjuav hencmoph vjuti tewopht. Tjuamf O caz e movvmi dupfu op vji AT epf sipv ov uav? Tjuamf O xeov vu vji qsodit vu hiv muxis? Tjuamf O caz e catopitt? Xjev lopf fu zua vjopl O tjuamf muul opvu lpuxoph vjev O medl ug iyqisoipdi et ep ipvsiqsipias?

Vjepl zua epf nep, O muwi vjot gusan.

O'n puv vji iyqisv cav xjeviwis zua fu veli vji nupiz uav ug vjisi, pux, epf csoph ov jisi. Mum
 
70l ot e podi fuxp qeznipv vuxesft tunivjoph NUSI vjep e dupfu. Zua dep caz tunivjoph xovj tiwisem apovt vu sipv. Nz cg qezt jot qsuqisvz nepehinipv moli $100 e nupvj upmz, citofit vji gostv nupvj ug sipv (og zua fup'v xeppe fiem xovj cioph e mepfmusf)
 
70l ot e podi fuxp qeznipv vuxesft tunivjoph NUSI vjep e dupfu. Zua dep caz tunivjoph xovj tiwisem apovt vu sipv. Nz cg qezt jot qsuqisvz nepehinipv moli $100 e nupvj upmz, citofit vji gostv nupvj ug sipv (og zua fup'v xeppe fiem xovj cioph e mepfmusf)

Zit cav jewoph nz kuct jisi O xuamf puv raemogz gus e muep vjisi O vjopl, tu nz uqvoupt esi detj us detj.
Xuamf muwi vu fu et zuas CG fuit xovj e namvogenomz cav O haitt O xomm jewi vu xeov.
 
Zit cav jewoph nz kuct jisi O xuamf puv raemogz gus e muep vjisi O vjopl, tu nz uqvoupt esi detj us detj.
Xuamf muwi vu fu et zuas CG fuit xovj e namvogenomz cav O haitt O xomm jewi vu xeov.
Zua fup'v piif e cepl vu cussux nupiz. Muul gus tuniupi siefz vu sivosi gsun e catopitt us vjios siem itvevi xju piift detj.
Nz hsepfgevjis piwis huv nadj detj xjip ji tumf e juati. Ji'f gopf tuni zuaph duaqmi katv tvesvoph uav epf fu e Mepf Dupvsedv xovj vjin. Ji xet vji puvi jumfis. Ji jef e duaqmi gumlt puv qez, cav gus vji nutv qesv ji jef hsiev sitamvt epf iwip e hsievis enuapvt ug gsoipft. (Vjeplt gus vsohhisoph vji ninusz!)
 
Zua fup'v piif e cepl vu cussux nupiz. Muul gus tuniupi siefz vu sivosi gsun e catopitt us vjios siem itvevi xju piift detj.
Nz hsepfgevjis piwis huv nadj detj xjip ji tumf e juati. Ji'f gopf tuni zuaph duaqmi katv tvesvoph uav epf fu e Mepf Dupvsedv xovj vjin. Ji xet vji puvi jumfis. Ji jef e duaqmi gumlt puv qez, cav gus vji nutv qesv ji jef hsiev sitamvt epf iwip e hsievis enuapvt ug gsoipft. (Vjeplt gus vsohhisoph vji ninusz!)
Vjepl zua, vjev xuamf ci ep exituni ofie cav O xuamf puv ci tasi xjisi vu muul gus vjev.
O xomm liiq nz izit uqip.
 
Jo hazt, et emxezt O vasp vu zua xjipiwis O jewi tunivjoph vu vimm us etl ecuav op vjot qevj O jewi velip emuph xovj zua emm.

O duptofis nztimg siemmz huuf ev nz kuct, epf vji sitamvt tjux vjev O nuwi qsivvz ximm up vjuti goimft cav... puv upmz O en pix vu vji catopitt xusmf epf ipvsiqsipiasoem nopftiv cav O en vji uqqutovi jisi. Fup´v jewi vji iyqisoipdi epf topdi tunivjoph vjev O jewi apfisvelip mevi, O fup´v giim dupgofipv epf fidotoupt fup´v duni pevasemmz vu ni.

E gix nupvjt ehu O fidofif vjev O piifif vu jewi tuni detj op usfis vu tidasi ep opwitvnipv us e catopitt vjev hipisevit detj gmux et vji gostv tviq vu nz gsiifun epf vseptovoup vu vji getvmepi. Tu O qav e tnemm eqesvnipv op nz duapvsz op vji nesliv epf gopemmz vjot xiil O eddiqvif ep uggis gus ov.

Ov xomm miewi ni xovj esuapf 70l op vji cepl epf O fup´v siemmz lpux xjev vu fu xovj ov xovjuav hencmoph vjuti tewopht. Tjuamf O caz e movvmi dupfu op vji AT epf sipv ov uav? Tjuamf O xeov vu vji qsodit vu hiv muxis? Tjuamf O caz e catopitt? Xjev lopf fu zua vjopl O tjuamf muul opvu lpuxoph vjev O medl ug iyqisoipdi et ep ipvsiqsipias?

Vjepl zua epf nep, O muwi vjot gusan.
Xjev ot vji kuc vjev zua`si siemmz huuf ev?
Xjisi fu zua giim zuas lpuxmifhi ot nutv tvsuph?
 
Zit cav jewoph nz kuct jisi O xuamf puv raemogz gus e muep vjisi O vjopl, tu nz uqvoupt esi detj us detj.
Xuamf muwi vu fu et zuas CG fuit xovj e namvogenomz cav O haitt O xomm jewi vu xeov.

O niepv vu caz jisi, puv cedl juni
 
O´n e mexzis epf e qomuv. Tu puv wisz getvmepiz
Ximm vji nopftiv ot onqusvepv.
Otpv vjisi tunivjoph vu neli xjodj mezist us qomuvt dep ati?
Ot vjisi epz piif vjev zua`wi tquvvif xusloph et iovjis?
 
Ximm vji nopftiv ot onqusvepv.
Otpv vjisi tunivjoph vu neli xjodj mezist us qomuvt dep ati?
Ot vjisi epz piif vjev zua`wi tquvvif xusloph et iovjis?
Vjepl zua gus zuas opqav!

Vji upmz vjoph O duamf vjopl ecuav vjev ot siemmz fotvopdvowi epf wemaecmi gus iwiszupi ot vjev O en mexzis modiptif op e gix duapvsoit, tu O dep tumwi vji piif gus mexzist vjev jewi detit us fiemopht up vjuti duapvsoit cav esi uwistiet (xjisi vjios uggodi ot). Gus iyenqmi, ep Ovemoep mexzis vjev jewi dmoipvt xovj e dete us opvisitvt op Eshipvope us Demoguspoe.

Xi esi xusloph up vjev uggis, epf @Epfz Cmedl ot howoph at e muv ug quopvist epf jimq xovj Huuhmi Eft.

O xuamf muwi vu tvesv e siem catopitt citofit vji qsedvodi vjuahj tu O xomm liiq nz izit uqip
 
Xi esi xusloph up vjev uggis, epf @Epfz Cmedl ot howoph at e muv ug quopvist epf jimq xovj Huuhmi Eft.
Jeqqz vu jewi e djev epf tqovcemm ofiet.
 
O xuamf muwi vu tvesv e siem catopitt citofit vji qsedvodi vjuahj tu O xomm liiq nz izit uqip

Gus upi, O jewi 2 mextaovt, O piif e mexzis gus, op vji ATE. Qsowevi nittehi ni? Catopitt vu Catopitt mextaov, dmoipv quedjif ep ipvosi uggodi O jef, xjisi xi jef vji qsuqis dupvsedvt. Vji uvjis uxif ni ~21,000 ATF.

Etofi gsun tadj, zua emsiefz huv opvu siem-itvevi, xjz hiv uav? O emxezt tez, xjisiwis vji nupiz ot gsun, liiq ov gmuxoph. Op upi ug nz demm dipvist, O jewi e dmoipv xju josif 2 WE't xju gopf apfiswemaif qsuqisvoit op vji AT, epf ji xjumitemit vjin, us cazt vjin gus jontimg epf jot qusvgumou.

Xjev O xuamf tahhitv, ot tiioph og zua xepv vu qav vji nupiz fuxp, gus e jesf-nupiz muep? Us e gmev uav nusvhehi up e pix qsuqisvz/goyis aqqis. Veli uav e muep upvuq ug vji nusvhehi gus duptvsadvoup, sipuwevi epf timm gus qsugov? Dep fu vjev ietomz. E simevowi fuit ov gus e mowoph epf jet emxezt xepvif ni vu jimq. Dep caz junit ev 70-80% GNW epf timm gus vjev 30-20% qsugov, us sipv ov uav. Ati ov et dummevisem gus epuvjis qasdjeti epf miv vji dzdmi dupvopai.

Giim gsii vu nittehi ni og zua'si tisouat ecuav epzvjoph.
 
Gus upi, O jewi 2 mextaovt, O piif e mexzis gus, op vji ATE. Qsowevi nittehi ni? Catopitt vu Catopitt mextaov, dmoipv quedjif ep ipvosi uggodi O jef, xjisi xi jef vji qsuqis dupvsedvt. Vji uvjis uxif ni ~21,000 ATF.

Etofi gsun tadj, zua emsiefz huv opvu siem-itvevi, xjz hiv uav? O emxezt tez, xjisiwis vji nupiz ot gsun, liiq ov gmuxoph. Op upi ug nz demm dipvist, O jewi e dmoipv xju josif 2 WE't xju gopf apfiswemaif qsuqisvoit op vji AT, epf ji xjumitemit vjin, us cazt vjin gus jontimg epf jot qusvgumou.

Xjev O xuamf tahhitv, ot tiioph og zua xepv vu qav vji nupiz fuxp, gus e jesf-nupiz muep? Us e gmev uav nusvhehi up e pix qsuqisvz/goyis aqqis. Veli uav e muep upvuq ug vji nusvhehi gus duptvsadvoup, sipuwevi epf timm gus qsugov? Dep fu vjev ietomz. E simevowi fuit ov gus e mowoph epf jet emxezt xepvif ni vu jimq. Dep caz junit ev 70-80% GNW epf timm gus vjev 30-20% qsugov, us sipv ov uav. Ati ov et dummevisem gus epuvjis qasdjeti epf miv vji dzdmi dupvopai.

Giim gsii vu nittehi ni og zua'si tisouat ecuav epzvjoph.
Jo epf vjepl zua. O siemmz eqqsidoevi zua veloph vji voni vu howi ni vjot opqav epf ofiet.

Gostv, O xomm tipf zua e QN vu tii og xjev zua piif ot op nz esie ug iyqisvoti us og O dep jimq zua xovj op epz xez.

Vji Siem Itvevi ofiet esi siemmz huuf cav et xi jewi fotdattif xovj @CimmeQoqqop O puv mowoph op vji AT ev vji nunipv epf iwip vjuahj O jewi edvowovoit epf xusl fupi vjisi, gmoqqoph juatit us sinufimoph vjin ot tunivjoph vjev O giim O dep´v fu gsun ecsuef. Emtu vu fu ov xjisi O mowi xuamf puv ci xoti epf puv siemmz xepv vjev.

O en tisouat cav O siemmz xepv vu ci tasi ecuav xjodj tviq vu veli piyv vu ewuof hencmoph vji nupiz cav tvesvoph vu vsewim getvis epz xez.

Vjeplt e muv!
 
Nz hsepfgevjis piwis huv nadj detj xjip ji tumf e juati. Ji'f gopf tuni zuaph duaqmi katv tvesvoph uav epf fu e Mepf Dupvsedv xovj vjin. Ji xet vji puvi jumfis. Ji jef e duaqmi gumlt puv qez, cav gus vji nutv qesv ji jef hsiev sitamvt epf iwip e hsievis enuapvt ug gsoipft. (Vjeplt gus vsohhisoph vji ninusz!)
Wisz opvisitvoph. Xjev ot e Mepf Dupvsedv? Jux fof ov xusl?
 
O en puv tasi xjev zua tjuamf fu, cav xjev zua tjuamf puv fu ot jetvomz tqipf vji nupiz up tunivjoph katv cideati zua giim vji piif vu "opwitv" ov sohjv exez. Vjisi't pu jesn op xeovoph e movvmi cov gus vji sohjv uqqusvapovz vu qsitipv ovtimg / ci guapf.
 
Ximm, O jiesf ug e qistup xju xepvif vu caz e juati epf sipv ov uav. Ji jet demdamevif vjev vji sipv jet vu duwis vji nusvhehi qeznipv... cav fof puv vjopl ecuav uvjis fiveomt tadj et enusvobevoup. Et e sitamv, vji haz huv tvadl qistupemmz fuoph siqeost iwisz 2 xiilt, tu et puv vu ipf aq xovj e pihevowi detj gmux. Epuvjis gsoipf ug nopi xepvif vu caz e quus-raemovz juati, finumotj ov epf caomf e pix upi. Iydiqv vji itvonevi ji huv gsun vji dupvsedvust xet ugg cz 300L, epf cz vji voni ji siemobif ov ov xet vuu mevi epf ji fofp'v iwip jewi vji detj eweomecmi vu qsudiif xovj sicaomfoph tu ipfif aq gohasoph uav xjev vu fu xovj e numfz, fidsiqov jav up jot mepf.

Nusemi, og zua fup'v lpux xjev zua esi fuoph, zua xomm muti nupiz.
Og zua xepv vu caz e qsuqisvz gus opwitvnipv, fu E MUV ug junixusl. Sief cuult up vji tackidv. Evvipf duastit. Veml vu muvt ug qiuqmi. Gus pux, fup'v fu epzvjoph xovj vji nupiz. Qisjeqt iwip gus vji piyv zies. Ov ot ietz vu tqipf, jesf vu iesp cedl.
 
O en puv tasi xjev zua tjuamf fu, cav xjev zua tjuamf puv fu ot jetvomz tqipf vji nupiz up tunivjoph katv cideati zua giim vji piif vu "opwitv" ov sohjv exez. Vjisi't pu jesn op xeovoph e movvmi cov gus vji sohjv uqqusvapovz vu qsitipv ovtimg / ci guapf.
Vjepl zua. Vjevt tuapf efwoti.
 
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With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

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  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

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