Real Estate. Your library probably has some books on the subject.
There are several ways to go: buying to rehab and sell/rent, buying to rent, buying land to split and sell, etc, etc. Your choice will depend on your market, how much you have to invest, your knowledge of construction and how much time you could spend rehabing or going to auctions, etc, etc.
We started with a book and have done very well. Being good at construction, we went the rehab way then sold as it was the best profit with minimum investment. We have now bought a huge piece of land that we're going to chop up and resell smaller lots.
No matter what RE is a very good investment. Good luck.
2007-04-29 09:35:59
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answer #1
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answered by Anonymous
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over half says real estate and one other says the market even if the commies take full control of the asylum.
Now for the answer. While you did not provide any info on yourself lets say you have 5k to invest. At the very minimum $1k of that goes to an online savings bank and do NOT touch it unless you have to. You got 4k left another 1k can go to a mutual fund (no load under 1% expenses perferably global decent yield) and what would be even better put that into a roth ira account. Now you are down to 3k you can invest in the market with this amount. I would do a mix some US some not just don't put it all ion one basket. As for real estate, not this year the sub prime meltdown is still shaking up things and tighter lending rules well slow down the housing side. Be smart and good luck.
2007-04-29 17:37:32
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answer #2
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answered by Anonymous
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The first thing to look at is a company matching plan. If you have money to invest, I would then look into deferring my taxes by using a 401(k), other plan, and trying to gain free money by getting the employer match. I see this all day long as a financial advisor. People have $500,000 they have put away, but the employer did a 50% match on their contributions, so around $165,000 of the $500,000 is actually paid by the employee. The best return on your money is free money. That's just an example of an employer match, and each company is different.
If you don't have that option, look into a Roth IRA. This allows your money (that has already been taxed|) grow tax free.
Email me back with any questions or call me at (252) 439-2403.
Eric
2007-04-30 21:53:41
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answer #3
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answered by Eric D 1
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The stock market will be stong for the next 3-4 years, even if the US elects a Democrat for President.
2007-04-29 16:23:18
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answer #4
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answered by jdkilp 7
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I am getting into realestate and need an investor to inves money so that I can go to tax sale auctions and purchase property. I do plan on doubling your investment in less than 5 years. If you are interested, please email me at mikervin@yahoo.com
Thanks,
Michael Ervin
2007-04-30 13:07:28
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answer #5
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answered by mikeervin 1
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There are plenty of ways how and where to invest money. I think these web resources below will be helpful:
2007-04-29 17:08:37
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answer #6
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answered by Anonymous
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To Properly answer this question, we need to know more information -- risk tolerance, time horizon, goals. Will you need to buy a house, car soon? Getting married? Kids going to college soon? etc.
2007-04-29 16:27:57
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answer #7
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answered by gosh137 6
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Real Estate... For free information visit www.yvetteodom.com and call with any questions
2007-04-29 16:19:19
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answer #8
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answered by Anonymous
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get a small book on real estate investor and what that means
2007-04-29 16:20:27
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answer #9
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answered by endgame1915 3
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