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if all you had was 10,000 dollars. *how would you
02-17-2005, 10:18 PM
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#1
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Recycles dryer sheets
Join Date: Mar 2004
Posts: 97
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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
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02-18-2005, 03:50 AM
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#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
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02-18-2005, 04:35 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: DFW
Posts: 2,016
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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. 
__________________
Resist much. Obey Little. . . . Ed Abbey
Disclaimer: My Posts are for my amusement only.
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Re: if all you had was 10,000 dollars. *how would
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02-18-2005, 04:44 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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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
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02-18-2005, 07:38 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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Re: if all you had was 10,000 dollars. *how would
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02-18-2005, 08:28 AM
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#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
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02-18-2005, 09:28 AM
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#7
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Recycles dryer sheets
Join Date: Mar 2004
Posts: 97
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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
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02-18-2005, 10:07 AM
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#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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