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if all you had was 10,000 dollars. *how would you
Old 02-17-2005, 11:18 PM   #1
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if all you had was 10,000 dollars. *how would you

what is the best way to make this into more ?

if you had no more and no other possible future income

just want to hear some suggestions.

this is not a real scenario

just pondering.
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Re: if all you had was 10,000 dollars. *how would
Old 02-18-2005, 04:50 AM   #2
 
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Re: if all you had was 10,000 dollars. *how would

No more "cash" or no more anything? With $10,000
cash, some brains, some work and just a little time,
you can still make a fortune in real estate. You can begin at
any time and are limited only by how much you wish to work at it and your imagination. This one is a slam dunk IMHO.

JG
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Re: if all you had was 10,000 dollars. *how would
Old 02-18-2005, 05:35 AM   #3
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Re: if all you had was 10,000 dollars. *how would

Take it to Vegas. Put it all on black on the roulette wheel.

Afterwards get a job.
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Re: if all you had was 10,000 dollars. *how would
Old 02-18-2005, 05:44 AM   #4
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Re: if all you had was 10,000 dollars. *how would

Put it in Vanguard TSM and forget about it for 30 - 40 yrs.
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Re: if all you had was 10,000 dollars. *how would
Old 02-18-2005, 08:38 AM   #5
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Re: if all you had was 10,000 dollars. *how would

Assuming you are talking about a scenario were the investor has a very high risk tolerance, I would probably use the money to set up a small business.
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Re: if all you had was 10,000 dollars. *how would
Old 02-18-2005, 09:28 AM   #6
 
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Re: if all you had was 10,000 dollars. *how would

Good answers! In 1990 I bought a manufacturing company. Along with all of the usual assets, the company also owned the building it was in, three (3)
40s of raw land, two (2) office/retail stores and an apartment. I bought the whole works using -0- cash out of pocket. Four (4) months later I added a product
line that I acquired from a large aerospace company.
Again, I used -0- out of pocket cash.
It's called a leveraged buyout. Not that hard to find if you know where to look. The same principle applies
to buying real estate in general.

JG
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Re: if all you had was 10,000 dollars. *how would
Old 02-18-2005, 10:28 AM   #7
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Re: if all you had was 10,000 dollars. *how would

real estae ?

buy and re selling

or buying and renting out ?


Quote:
No more "cash" or no more anything? *With $10,000
cash, some brains, some work and just a little time,
you can still make a fortune in real estate. *You can begin at
any time and are limited only by how much you wish to work at it and your imagination. *This one is a slam dunk IMHO.

JG
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Re: if all you had was 10,000 dollars. *how would
Old 02-18-2005, 11:07 AM   #8
 
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Re: if all you had was 10,000 dollars. *how would

Either, both, all! Bottom line, with 10K, some real estate
knowledge and some guts, it can be done. Frankly,
I know of no single area of investment which
(by using leverage) offers so much upside for so little
investment up front. This is not just theory. Although
I never got rich, the potential was always there.
I ran out of desire and energy at about the same time
the ER bug bit. It gets easier and easier for me to
ignore the opportunities. I suppose they were always there. When I was young I didn't have the knowledge to recognize them. Now that they are easy to spot
I don't want to do the work.

JG


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