What can I do with $3,500?
I have a real estate photography business, and I save for taxes , and I was thinking about my small amount of savings and possibly putting it to work in the investment arena. I know it's a very small amount, but I was wondering if I could somehow use it as private money, I don't think it's enough to actually use for my own deal. I am planning to go into real estate investing next year, right now I am self-educating. Can anyone recommend a proactive move I can make with $3,500?
Most Popular Reply
Hi Kate. I saw your post about your $3,500 and thought we could connect. One thing you could do is offer your $3,500 to help fund a down payment on a property and receive a Deed of trust recorded against the property. You could ask for $500 in 120 days. Do that 2-3 times over the course of a year and you could earn $1,000 to $1,500 on your $3,500 over the course of a year. I've done that with investors who have small amounts they are looking to invest and they always seem to love the return.