How to make 30k work for me

[Antoine V.]

Just wanted to get some ideas from people; so utilizing the "other people's money" technique I applied for a 30k loan and was approved at 8.99 apr. I have done this last year where I was lucky enough to score a townhouse that was in foreclosure but nothing of value is on the MLS in Tucson. So basically just wondering how I should make this money work for me and if not just leave it alone( I have not accepted the loan yet). Was really looking forward to fix and flip but I think I need more cash to make that happen but who knows I'm a newbie.

[Joe Villeneuve]

Interest rate is immaterial if you use this money and don't spend it.  Don't think if it as "flipping houses", think of it as "flipping your cash".  All you need to do is put it into an investment that comes out in a short period...with friends ($$$$), then put it (and the friends) back in again, and keep repeating this.  You are not spending the money this way, you are using it.

Multiple uses, but a one time cost, makes the interest rate a non-factor...so long as the first investment covers the expense of its use.