$20,000 Cash...What Do I Do?
Greetings All!
So here is the scoop. I have $20,000 cash and was thinking of investing in real estate somehow. The issue is I am not sure how to use that money in real estate. Do I become partners with someone and both of us invest cash and time and we get a return that we split? Or do I loan out just the cash and get a return on that? or should I buy a super cheap run-down fixer-upper? Maybe there is another path altogether, but that's why I am asking here. I am located in the Boston area.
IF anyone has any suggestions on how I can smartly go about investing this money, I am all ears. My goal overall is to make some kind of return on the money wether I own and hold onto a piece of the real estate or not.
Thanks!