Got $$$. What Is The Best Way To Invest?
Ok. Say you have some profit coming your way..
What would you do with:
5K
10K
20K
50K
100K
To maximize your Return on Investment?
IE: With 50K try to find 10 houses to buy cash to mortgage at around 5K each or try to find a junker, buy all cash, rehab, wholetail, and do it again? Option some land and sit? Kick in with some other people on one of these Condo buildouts in Florida or Vietnam 
? Buy some billboard space and as many mailing lists of absentee owners and pre-forecosures you can find and advertise? Give someone a down payment to let you owner finance a multifamily unit and ride that out?
With the endless number of possiblities in CREI, which one do you think has the quickest and most expedient bang for the buck? Why?
JohnCl
[ Edited by JohnCl on Date 03/27/2005 ]
cjmazur,
Are you recommending becoming a private investor and loaning the purchase price + repairs to somone to rehab and sell/refi the property and take you out? Sounds like a safe, no hassle way to make some $$$ in REI without having to quit your day job.. What would you expect the rate of return to be? Time in the deal?
-JohnCl
Does anyone have any other ideas?
-JohnCl
You give it to me!!!!!
Let me show how to do to it!!!!
LOL
only joking around.
Quote:With 50K try to find 10 houses to buy cash to mortgage at around 5K each or try to find a junker, buy all cash, rehab, wholetail, and do it again? JohnCl ,
If you rehab sell at retail. If you sell without making repairs, wholesale. The wholesale profit may be smaller but it is usually quicker.