General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
A friend has 15k to spend... What should i do?
Hello everyone. One of my best friends is wanting to do something smart with his money but has no time for anything since he is a full-time student at LSU and has a demanding job. He lives in Baton Rouge and I'm here in Houston. He literally asks me every other day "What are we gonna do man?". Honestly, I really don't know what all options are out there. He is willing to put up about 15k-16k and I could probably come up with about 4 or 5k. Since he is in Louisiana and I'm here in Houston of course I would be the one doing everything pretty much.
Any ideas on what we could do?
The only real estate experience I have is purchasing three vacant lots from an auction and selling them to three other individuals. I'm currently in the beginning stages of wholesaling, searching for that first deal.
I just don't want to miss the opportunity he has put out there? Any insight would be great.
Thank you all.