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Updated over 10 years ago on . Most recent reply

User Stats

239
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27
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Jose Diaz
  • Renter
  • Hialeah, FL
27
Votes |
239
Posts

Let's say I have $10k to invest

Jose Diaz
  • Renter
  • Hialeah, FL
Posted

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

User Stats

647
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196
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Ben G.
  • Investor
  • Indianapolis, IN
196
Votes |
647
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Ben G.
  • Investor
  • Indianapolis, IN
Replied

@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. 

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