Posted by Kurt Smith on August 27, 2004 at 18:41:29:
Thank you for taking time to help me. May millions of dollars shower upon you and thank you once again!
Need to grow my money like a WEED, need help! - Posted by Kurt Smith
Posted by Kurt Smith on August 26, 2004 at 22:48:16:
Hi,
I’m coming into $50k+ cash for investing. I need some ideas as to what I should focus on with hopes of growing the $50k to $100k, then to $200k, then to $400k, etc. (you get the picture). I need to make money NOW and making a few percentage here and there is unacceptable.
Thanks in advance for your guidance
Simple - Invest in Real Estate - Posted by JT-IN
Posted by JT-IN on August 27, 2004 at 14:00:05:
Most half decent RE investors are achieving returns in the 25 to 100%+ per year range, cash on cash return. So if you leverage your 50K properly, and without tremendous risk) you should be able to increase that amount by 25 to 50K per year… more if you learn well.
Stick around here for a while, learn the proper ways to go about it, and your goals shall be fulfilled…
Just the way that I view things…
JT-IN
With your emphasis on “WEED”… - Posted by Ironlung
Posted by Ironlung on August 27, 2004 at 11:41:33:
…maybe you answered your own question! LOL
Seriously, I would post this question on either the Financing board, or the Commercial board. I’m sure there are bigger proftis to be made in commercial real estate than residential.
Later,
Ironlung
Re: Need to grow my money like a WEED, need help! - Posted by Jack
Posted by Jack on August 27, 2004 at 09:40:53:
Smuggling! Drugs would give you the highest ROI. But cigaretes, Freon-12, and bootleg merchandise pay well also. Drive down to Mexico City and hang out for a few weeks at blue collar bars and talk the locals. (Don’t go to the boarder cities you will be targeted by undercover US agents and informants)
rentals! - Posted by ken in sc
Posted by ken in sc on August 27, 2004 at 06:40:12:
Rental property is the best ROI that I know of. For example: Let’s say you put 10,000 down on a nice rental house that you buy for 85,000 that is worth 100,000. This is not that great a deal, shouldn’t be too hard to find. In year 1 of your ownership, the cash flow is zero. But the loan pays off 1,500 and the property increases in value 3% ($3,000). Thus you have made (Tax free) $4,500 on a $10,000 investment. That is a 45% return on investment. This is before the tax advantages of depreciation as well. 45% is very good, wouldn’t you say?
Ken
Re: Need to grow my money like a WEED, need help! - Posted by Colin Egbert
Posted by Colin Egbert on August 26, 2004 at 23:14:03:
Give the money to me.I’ll give you a 8-10% return secured by a note. Certified check will be fine, email me for an address for you to send it to me. LOL.
Re: Simple - Invest in Real Estate - Posted by Kurt Smith
Posted by Kurt Smith on August 27, 2004 at 18:25:06:
My credit is SHOT so “traditional” financing will not be an option.
thanks
In most cases… - Posted by E.Eka
Posted by E.Eka on August 27, 2004 at 14:34:50:
it would only be a musical note…
Re: Need to grow my money like a WEED, need help! - Posted by Kurt Smith
Posted by Kurt Smith on August 26, 2004 at 23:15:37:
Thanks but no thanks. Like I said, 8-10% won’t help me. I need to grow this like a weed and the casino isn’t an option either (well, at least not for ALL the money) 
Traditional financing is not required - Posted by JT-IN
Posted by JT-IN on August 27, 2004 at 18:32:26:
What about having an investor/private mtg holder provide you financing…? What about owner financing…? Hard Money lenders…? There are lots of ways…
Then you use your funds for fix up costs, then flip the property… or find a good enough deal that doesn’t need fix up to flip… or find a deal that you can rent out w/o putting in capital…
Learn the techniques. There are folks out there doing this as we speak… no reason why you can’t grasp the concepts. However, desire must be at a fever pitch… in order to succeed. Good lcuk.
JT-IN
Re: Need to grow my money like a WEED, need help! - Posted by Colin Egbert
Posted by Colin Egbert on August 26, 2004 at 23:36:12:
Kurt, in all seriousness, I’d take that cash and take the time and put it towards hard core educating yourself on the ins and outs of a few areas of RE that interest you. If you have the knowledge and want quick returns then rehabs and flips are a great way to get cash. Spend a large portion of the money not on down payments but on marketing to find the deals that will bring you the income you’re looking for. Crazy amounts of education followed by swift action is your best bet.