long time reader, first time poster. I need some help with some future planning.
okay, long story short - both my parents, and my uncle have told me what i'm getting in the event that they pass, and i've been trying to thing of ways that i could handle my inheritance well, and wisely, so as to make the most of what i eventually recieve.
Basically, it amounts to a small fortune in realestate and other investments, and given the current market, given the locations and how much there is, it amounts to a few million.
My initial thoughts about how to handle everything would be to sell off most of the land and buy investment properties to rent out and generate some income and savings and build a profile as it were. I've been thinking about this a lot and i don't really know where i'd begin, or even if it's a smart choice to make.
My dad was an accountant and sales rep for a big insurance company back in the 80's who was one of their best - Whatever i do with what i'm given, i want to do him proud, and make sure that i make the best possible decisions that i can.
So i guess, what i'm asking is, Am i making the right choices, or, failing that, wise ones?
(I totally get that i could very well be in the wrong subreddit, I'm new here)
Submitted October 14, 2017 at 06:16AM by Dingbat_Jim http://ift.tt/2ylwwnd
