10k to invest, what would you do in chicago?

[Edward Adekanbi]

If you have 10k to invest and you're completely brand new besides educating yourself and willing to work with a mentor. what would you do?

[Sharad M.]

Hi Edward,

Good to see a local investor. I am purchasing a flip property in Dyer next month. What I would do with $10,000 will depend a lot of my long term goals and available resources. If I just wanted to invest this $10,000 into real estate for now and don't have too much time available, I would invest in a cheap $40k property in EC or Hammond and rent it out.

If I didn't own a house, I would try to buy a house for myself with FHA financing.

One thing I wouldn't do is spend this money on a guru course, that I know for sure.