Just got 60k. How can I double/triple it?

Just got 60k. How can I double/triple it?

Member since 2023 · 9 posts · 6 votes

I just want to make as much money as possible at this stage of my life. I have 60k. What’s some ways I can double or triple it within a year or so? I’m specifically asking how to maximize my return within the field of real estate with the money I have right now. Should I buy a multifamily and rent it out? Continue wholesaling? Looking for some ideas

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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3y

@Richard Purdy

To double it in a year head over to your local casino and pick red or black

Real estate historically provides an 8-10% return which means it will take 7-9 years to double

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