Smartest Way to Invest $10,000

[Erica Husted]

I am a real estate agent and aspiring investor in Grand Rapids, MI, who recently just made my first large commission on a million dollar home. My original goal was to roll a portion of this money right into the downpayment on my first real estate investment (duplex or fixer upper), as real estate investing is ultimately my end game and I am eager to get started. However, I recently learned that there is no way to be approved for a mortgage loan at this time due to complications with qualifying my cosigner (and my inability to find someone else who would do so). Does anyone have any recommendations for the best possible alternative while I wait a year or two to be able to obtain a loan? Maybe a high interest bearing account, stocks, or something along those lines? Or is this too short term too see much growth regardless? On the other hand, does anyone have any experience with hard money lenders, or any alternative forms of obtaining a loan/cosigner? Time is money, and I don't want to waste it! Thank you all

[Erica Husted]

@David Barnett Thank you so much for your advice! I didn't think about the affect that it will have on the stock market as the federal aid ends, but that is a very good point. Better safe than sorry, for sure.