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Updated over 10 years ago on . Most recent reply
Let's say I have $10k to invest
Hello everyone. I have an opportunity to get a personal loan for about $10k and was thinking about what I could do with it as far as investing. Obviously the loan would have a monthly payment which I will need to account for when pursuing a possibility.
Thanks for advice.
Most Popular Reply
@Jose Diaz There are other ways to invest in real estate.
@Curt Davis If he has time to invest as well, then I suggest he invest in himself. One way he can do that is by marketing for motivated sellers in his farm area. If he mails to a list of 1000 absentee owners it should cost him no more than $1,000 if he outsources the mailing of these letters. To me, this is far better than investing in a down payment on one house. That way, he can learn while talking to sellers, networking with buyers, and closing deals. If he closes just one deal he could easily net $5,000 or more on that one deal, and gain a ton of experience along the way.