Posted by Brent_IL on August 13, 2003 at 22:32:25:
Some of the answers may be mutually exclusive. If you think the bottom is dropping out then the “BEST place is to put this money” will have nothing to do with “best places to invest in real estate for long term appreciation” because there isn’t any.
If you have high household income the $600 a month is taxed at the top bracket. I’d pay down the personal residence because you have nothing else going on now and the internal rate is probably better than CD?s, and put the $150,000 in a short-term account, maybe Treasuries. It won’t give you much of a return, but it will still be there after the one year that you’ve taken to study real estate so you know what’s best in your market. No magic bullets.