Updated over 11 years ago on . Most recent reply
best use of 3,000??
Hi Investor's, I have a pretty basic question, I am wondering the best way to
invest say 3,000.00?? Being new at this real estate investing, whats the best way
to use this kind of short money right now? Should i open an equity trust? or is
it possible to use in any kind of deal?? Thanks for any kind of insight!!
Most Popular Reply
@Kenny Bergeron depends on you - what would you like to do? The definition of "best" will be different depending on who you ask. It's like asking what is the best vacation?
If you are not sure what you want to do a great idea is to offer your help to other investors. If you like to get into flipping houses find a local flipper and tell him you will run errands and help with demolition. Or find a wholesaler and offer to stuff letters or follow up on returned mail.
Having a clear goal in mind will make it much easier for you determine what you need. Learning as much as you can is really the best investment you can make. There is no magic sauce and no guru secret. Join a local REIA, go to the meetings and network with other investors. Once you know what a good deal looks like (for you) you will be able to find one and usually if the deal is good you will be able to fund it (and that does not need to be your own money).