Jill on Money with Jill Schlesinger Where to Stash Home Sale Proceeds?
Jan 27, 2025
Exploring the dilemmas of managing a million-dollar home sale, the discussion emphasizes the choice between renting and buying in a challenging market. Listeners learn about the complexities of real estate transactions and the importance of financial planning. Strategies for maintaining liquidity post-sale are covered, alongside the significance of personalized financial advice. With a focus on smart cash management, the podcast offers insights into investing in real estate to effectively enhance financial portfolios.
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Next Steps After Home Sale
- Lynn from Los Angeles sold her primary residence and is unsure about her next steps.
- She's considering buying a fixer-upper in LA's expensive market but also values flexibility.
Financial Situation and Partnership Dynamics
- Lynn has over $1 million in proceeds and other assets, but her partner's financial situation makes joint home buying complex.
- They're working on a legal agreement to protect Lynn's funds.
Navigating the LA Market After Fires
- Given the LA market's volatility after the fires, rushing into buying a fixer-upper might not be wise.
- Jill advises Lynn to invest some cash for a short-term return while remaining flexible.