Updated about 18 years ago on . Most recent reply
Best way to invest 11K
My wife and I have 11K saved up. We want to start investing in real estate. We have some consumer debt we need to pay off, our credit score is excellent, and we have educated ourselves a bit. What advice do you experts have for us? Should we use our 11K to pay down our consumer debt? Should we invest it in a multi family? We are considering purchsing a property to either flip or buy and hold with a friend which will minimize expenses. I think we're frustrated because there are so many options, we don't know where to begin. We were considering starting in wholesaling which we thought would give us some cash to pay down our debt as well as put toward future investments. What I do know, we need to decide. Once we have our goal set we will have something concrete to work towards. Thanks in advance for your opinions. Don't be afraid to be too harsh, we can take it.