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Updated almost 10 years ago on . Most recent reply

User Stats

70
Posts
8
Votes
Jared S.
  • Professional
  • Central FL, FL
8
Votes |
70
Posts

What I can do with a little bit of money?

Jared S.
  • Professional
  • Central FL, FL
Posted

Hi,

I have a little bit of money saved up, not much comapred to most people here (about 15k) and I was wondering if there is anything smart I can do with it that could help me turn $15k into 25k or more.  I thought about buying a lot and holding it (where I live in FL, lots are expensive though - some as much as 100k for 1/2 acre in nicer areas.  What would you do with $15k if you were wiling to take a risk and but something or use it as a down payment on something to hold onto, etc?

I may be able to buy a lot and hold onto it, but it wont be in FL.  Maybe SC or NC.  But not anywhere around me.

Just curious if I have any options - I know its not very muich money.  TIA.

Most Popular Reply

User Stats

340
Posts
249
Votes
Chris C.
  • Wholesaler
  • Easley, SC
249
Votes |
340
Posts
Chris C.
  • Wholesaler
  • Easley, SC
Replied

Out of town vacant lots seem a bit speculative to me but if its something you know then go for it. I have started investigating some spec building, but not ready to make the jump yet.

I started with about 15k and used it to flip mobile homes.  It was great for building capitol and getting experience at the same time.  Once we were successful with that then investors started coming on board.  We now own 9 rentals, have flipped 4 homes, flipped I don't know how many mobiles, and own a real estate brokerage.

We are in the early stages of working with a local fellow BP member who is close to your situation, 15-20k of capitol.  We are discussing partnering on one of my flips.

If you need any help in the upstate SC area our brokerage specializes in helping investors so give me a call.

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