how would you flip your money see i have recently came in to financial trouble and need to rebuild my capital i know it isnt alot but it can work. I know alot about realestate since that is mainly what i do but i would like to hear of some tips from some of you maybe somone who has been in my shoes or is just a good business man thanks alot
If you guys had 20,000 cash how would you flip
- Thread starter CKERR134
- Start date
Im in kind of a similar situation. I have about 30k available and would love to do something with it, but not quite sure which direction to go. I am in real estate also. Would love to hear from some knowledgeable people
CKERR134 said:
just plop $20,000 down on red.
No black...
blacks the winner
blacks the winner
stmoney11 said:
36:1 right? thats almost 3/4 million dollars. realistically though. i'd be sick to my stoamch if i plopped that much money down on a roulette table.
20,000 powerball tickets. he he. :bowdown: :banana:
a friend of mine purchased a 2 million dollar house for 25k down that was just being built. should be done in a year to year and half. and with prices going up in the scottsdale area to the tune of 40% a year thats a nifty investment.
annuities, mutual funds, roth ira other good ideas. good luck
a friend of mine purchased a 2 million dollar house for 25k down that was just being built. should be done in a year to year and half. and with prices going up in the scottsdale area to the tune of 40% a year thats a nifty investment.
annuities, mutual funds, roth ira other good ideas. good luck
Your friend must have some huge income to qualify for a $2M mortgage.
Pay for some of my upcoming college. Buy a nice bike to learn on. Mod the eclipse a little bit
Invest 3/4 of it in mutual funds, and the rest in a high interest savings account.
Correction: If you have ANY outstanding debt, like, a car, credit debt, anything with an interest rate, PAY IT OFF. You cant start earning wealth until you pay off your debt.
Correction: If you have ANY outstanding debt, like, a car, credit debt, anything with an interest rate, PAY IT OFF. You cant start earning wealth until you pay off your debt.
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madmatt said:
i dont have any bills bike is paid for so is car and only owe like 5g's on the truck, roth ira i have that, high interest saving account there is know saving account with a high enough interest rate for this amount of money in less i want to wait 15 years, so back to square one any other ideas.
annuities i have heard pay 10% interest. also before you spend or invest that money make sure you have a 3-6 month emergancy fund.
CKERR134 said:
back up....so you have like 20G's and your looking to what? turn it into 30 or 40 in a short period of time?? are you asking how I would take the 5g's in my savings and turn it into 10 real quick??
learn how to trade currencies? options? make a few points a day. . .???
FordSVTFan said:
real estate agent/contractor, who is playing the real estate game and making some good money. interest only loans, making money off of each house he buys or builds. has 2+ houses in scottsdale now in various stages of construction. his plan for that investment house is 2 sell it at a nice profit soon as its complete. looking to clear .5-1 mill on his 25k in 2 years. nice investment huh?
Tim Hortons IPO
Two words: Investment Property.
Hint: Cabo San Lucas.
Hint: Cabo San Lucas.
2 $100K duplexes - 10% down $10K
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