I have $30,000 cash in a down market? What should I DO?

[Jeff Skillen]

I have $30,000 cash in a down market? What should I DO?

Please give me your thoughts and opinions.

I live in Canada, Calgary.

[Ram Srinivasan]

@Jeff Skillen

I can tell you what NOT to do - Don't hire a seminar or Guru who will tell you that you need 0$ as he will help me raise money.

With $30K in Calgary, you won't be able to buy any SFH type of investment. You don't have enough of a DP.

A couple things you can do.. 

1) If you have an RRSP/ TFSA account, you can lend part of that money in financing a flip (for example), it will teach you the world of mortgages and private lending.

2) You can buy properties with 30K using an agreement for sale. This is very much possible as I have done so myself :) Of course, you will have to find, negotiate and structure the deal. With this method you can become a landlord for a lot lower down payment