What to do with $20,000

[Kevin McCollick]

I want to ask everyone in here what they would do if I had given them $20,000. This could be answered 100 different ways and quite frankly I would love to hear all 100 answers. Try to be as specific as possible, don't just say "I would invest it" tell me what you would invest in and how you would do it with your $20,000 budget. Go!

[Dave Van Horn]

Good Question.

If I wanted to be active, I would probably start a small cash business within my area of expertise, Something small and simple, maybe construction since I have a background in it. Or I'd buy a cheap buy-and-hold (maybe combined with private/hard money to cover the difference, if necessary) that cashflows.

If I wanted to be passive, I'd either invest it in a fund, tax liens, a private money loan, or lend it out through a hard money deal. I'd also probably consider doing some P2P lending in unsecured notes which you can invest in for as little as $25, I've had average returns between 10-12% range. Not bad, for little to practically no work, all done at a computer.

Oh and I'd also consider paying down debt or funding my retirement accounts.

Be curious to hear some other answers.

Best,

Dave