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Updated almost 9 years ago on . Most recent reply

User Stats

78
Posts
30
Votes
Jose Martinez
  • Wholesaler
  • Houston, TX
30
Votes |
78
Posts

What would you do with 10K?

Jose Martinez
  • Wholesaler
  • Houston, TX
Posted

Hi yall, I just finised reading my first REI book "Rich Dad, Poor Dad" and i feel like i need to take action. Here is my first assignment.

 I have some family members who collectively have about 10-15k available to invest. Im trying to find a creative way to grow that asset but my financial IQ still needs seasoning, (still working on my first deal so they wont lend it to me) my question to you is what would you do? Our Market is Houston, Tx. 

I recall a BP podcast where investors lend money, a one day loans during closing for pretty good returns, but i cant remember what this is called. 

I really appreciate any feedback on this, thank you!

Jose.

Most Popular Reply

User Stats

301
Posts
148
Votes
Tim Puffer
  • Lansing, MI
148
Votes |
301
Posts
Tim Puffer
  • Lansing, MI
Replied

House Hack. Find a duplex to buy and owner occupy using an FHA loan at 3.5% down.

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