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Updated over 7 years ago on . Most recent reply
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Investing with a small amount of money-Where should I invest?
My son has a very small Coverdale Education Account of which I am the custodian until he is 21. It has just under $3000 in it at present. I converted it to a self directed account so I can have more diversified investment options with it however I am finding it difficult to invest with such a small amount of money. I know that tax liens seems like a nice investment however it is a bit difficult to accomplish with his SDIRA company custodian. If anyone has any suggestions, please let me know.
Thanks
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@Sandy Uhlmann , you can invest it with a flipper at @10% for a year or if you find a vacant lot priced for that amount, it could be another option. You will need more income yearly to pay off property tax if you go for the vacant lot!