Leverage is where big profits are made as well as large risks. In the stock and commodies markets you can pay cash and never loose more than you put up. If you buy on margin or leverage you can loose it all pluss still owe mucho, but if you win you win bigger. Put the money in a CD and borrow it back at a slightly higher rate using the CD as collateral. Then find a fix up building and get a bank loan to buy it and fix it up. You should be able to buy at least a $250,000 deal, small apt or commercial. Get it painted and fixed and rented and sell for $100,000 profit. Next deal should be $1,000,000 deal with $400,000 profit and so on and so on. The borrowed money will in effect give you infinite return.
You could grow via hard money lender or REI investor.
You need to do some reading and seek out your own course based on what you read. different strokes for different folks. there are many ways but you need to do some of the up front work.
[addsig]
The secret is in 'baby-steps', and you will learn along the way. If you refocus into bite-size portions, it will immediately be more attainable.
Buy and sell a few properties. Turn that $50,000 into $100,000 after a few deals. Once you get the hang of the bite size portions, you can do them all day .... and reach goals that you set for yourself!
Yes, you do need a plan.
Plan #1, convert the $50,000 to Taiwanese dollars. The current exchange rate is 34 to 1, so you will instantly have 1.7 Million dollars
Plan# 2 read the forums, find a method of investing that you like, study hard, work, work, work. The payoff will be there at the end
Leverage is where big profits are made as well as large risks. In the stock and commodies markets you can pay cash and never loose more than you put up. If you buy on margin or leverage you can loose it all pluss still owe mucho, but if you win you win bigger. Put the money in a CD and borrow it back at a slightly higher rate using the CD as collateral. Then find a fix up building and get a bank loan to buy it and fix it up. You should be able to buy at least a $250,000 deal, small apt or commercial. Get it painted and fixed and rented and sell for $100,000 profit. Next deal should be $1,000,000 deal with $400,000 profit and so on and so on. The borrowed money will in effect give you infinite return.
Hope this helps some
Ted Jr
How about this....
50K US dollars is equal to 73,172,233,573.70 Turkish Lira.
That's 73 BIllion Lira. Dont spend it all in one place.
gamado,
I was going to use some of the other conversions, but he wanted dollars so I went with Taiwan
fold it in half a couple of times.
You could grow via hard money lender or REI investor.
You need to do some reading and seek out your own course based on what you read. different strokes for different folks. there are many ways but you need to do some of the up front work.
[addsig]
Hi hillsdd,
The secret is in 'baby-steps', and you will learn along the way. If you refocus into bite-size portions, it will immediately be more attainable.
Buy and sell a few properties. Turn that $50,000 into $100,000 after a few deals. Once you get the hang of the bite size portions, you can do them all day .... and reach goals that you set for yourself!
Best of Succeess!
BAMZ