2006-07-12 09:56:16 · 14 answers · asked by party planning, atlanta 1 in Business & Finance ➔ Renting & Real Estate
Buy an acre of land in the way of progress and sit on it until the value has doubled or better. Panhandle of Florida is a great area for this type of investment rolling right now.
In addition there is always making a personal loan investment secured by a land lien to help someone avoid foreclosure. Stipulation must be they must immediately put the property up for sale at market value and repay a loan fee equal to the amount invested. Invest 3k, get back 6k.
In fact, I know of someone that could use that kind of help right now. Good property and numbers. Coolest part is when you do something like this, your total investment is secure. You can't lose because the money is in the property. Contact me if you want to know more about them.
2006-07-12 11:29:03 · answer #1 · answered by K9-Family 3 · 1⤊ 0⤋
Real estate....find a vacant house that you could pick up for little to no money down...use the 3000 to spruce it up....then either get a new mortgage on it and reinvest the money, or flip it on a lease option..take the down payment and start all over again with another house. Leverage is the name of the game here!
2006-07-12 11:01:42 · answer #2 · answered by caf68 3 · 0⤊ 0⤋
I'd invest half and pay off a credit card with the other half...then the money I was spending on the credit card payment, I would invest. Mutual funds seem to be the way to go... and maybe a short-term CD to roll over.
2006-07-12 10:00:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I'd make a secured deposit investment with a good Return On Investment
and leverage a portion of that investment to secure another investment with a good ROI.
2006-07-12 10:57:09 · answer #4 · answered by Clint P 2 · 0⤊ 0⤋
If you don't need the money in the near future, until retirement, I would put in an IRA. If you will need the money in the short term, maybe 6 months or a few years, I would consider a CD
2006-07-12 10:04:34 · answer #5 · answered by Kylee W 1 · 0⤊ 0⤋
Honestly, No BS. Personally I would buy a lb. of chronic and flip it. If you paid 2,500 for it (which in Arizona is a pretty good deal) and you sold it all in 1/8oz. for $50.00 each. You would have $500 left over plus like 20,000 in profit. Think about it bro.
2006-07-12 10:06:58 · answer #6 · answered by ScottsdaleBlessed 2 · 0⤊ 0⤋
i would take it to the bank and try to get a small business loan and open a daycare center, resturant, or anything that i think can and will make money.
u know i hear that if ur venture fails u dont have to pay the bank back. i dont know how true that is but i dont hurt to ask
2006-07-12 10:00:42 · answer #7 · answered by poohbearmomma_1 2 · 0⤊ 0⤋
if you invest wisely it will give you a return (not a lot,
but something). or you can let it grow. i know no one
wants to think about needing money for retirement, but
unless you die first old age will happen. and i don't know
that many who would rather be dead. invest it. it is a
start.
2006-07-12 10:02:11 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Really - there is not much difference is there. I would invest it in some plastic surgery. It continues to pay dividends.
2006-07-12 09:59:54 · answer #9 · answered by jaybird 4 · 0⤊ 0⤋
Money market accounts, or commodities. watch for china to over heat and either raise rates or cut the yuan. if they do that pull out quick.
2006-07-12 11:51:02 · answer #10 · answered by Sven 1 · 0⤊ 0⤋