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Updated over 4 years ago on . Most recent reply

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Investing with a Holding Company

Posted

Hello, I am 20 years old and have been recently, as of these past 3 or 4 months, been informing myself about real-estate by books, podcasts, etc. I was fortunate enough to be gifted $10,000 by my grandpa and have been looking for ways to invest it. Moreover, one of my close friends is house hacking a duplex and he asked me if I would be interested in opening up a holding company with him. He briefly explained it to me over dinner, but I didn't understand one thing he said.

He mentioned something about selling part of the company as if it was stocks or bonds to help funding I am guessing, but to be honest I have no idea why that is necessary. If someone could explained that to me that would be very helpful. (Maybe I completely misunderstood what he was talking about, who knows.)

Also, just a General question, I'd love to know what would be the best investment as a college student who is still living in dorms (which means probably not house hacking), with $10,000-$20,000 to invest with in the state of Texas, around San Antonio and Austin market. 

Thank you.

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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
3,415
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied

@Eugenio Valladares no. Buy a duplex to househack. Why do you want to own shares in someones company of nothing? Househack when you get out and put the money in the highest interest savings account you can for now. I see a lot of hair brained ideas lose money. Get rich the boring and dependable way.

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The Moorhead Team
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