Best way to utilize $30k in Private Money?

Posted on: Sat, 03/27/2010 - 04:17

AdamGarrett

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Best way to utilize $30k in Private Money?

I told a friend of mine that I was doing some REI and he told me he had $30k that he wants to put down on a house.

My question is, what is the best way he could utilize that money in terms of REI? He's curious, but needs some convincing and I simply don't have the knowledge to give him many options.

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by AdamGarrett
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Posted on: Sat, 03/27/2010 - 04:49 #1

RickM

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Find a homes that are worth

Find a homes that are worth 70k-40k and make low ball cash offers. make seller pay all closing cost escrow fees etc.

Flip it and resell or rent it and refi get your money back

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Best way to utilize $30k in Private Money?

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