If you knew what you knew now, how would you invest $30,000 at 20 years old?

[youngguns]

it's only 30 thousand guys... I dont think realestate is in question.

 

[velvett]

it's only 30 thousand guys... I dont think realestate is in question.

You can apply it to other money toward a down payment - of course one would have to thing really small but it's enough for something cheap to invest and later flip.

With just the 30k you can grab anything under 150k (like land) hold on to it and turn around a sell it.

Depends on your style - I did stocks once and it's not for me and for those that it is - more power to them.

I had less money when I bought a house that's now worth upwards of 750k.


One can also be a partial investor in a project and your percent down even if it's small will give you a return, it's just knowing how to pick the project.

 

[youngguns]

You can apply it to other money toward a down payment - of course one would have to thing really small but it's enough for something cheap to invest and later flip.

With just the 30k you can grab anything under 150k (like land) hold on to it and turn around a sell it.

Depends on your style - I did stocks once and it's not for me and for those that it is - more power to them.

I had less money when I bought a house that's now worth upwards of 750k.

But then if I cannot sell that land I get SCREWED

 

[velvett]

But then if I cannot sell that land I get SCREWED

Well, you need to have an idea of what your doing when you select the property.

And when you invest your money in stocks and the money is gone you've got nothing but someone telling you "it will go up next quarter" for a few years. When I was your age I had 20k when everything was said an done I have 700 dollars and some losses to take on my taxes - I had a bad experience and it stuck with me - some people have great ones but I was naive and I trusted the wrong perosn.

You also need to know what you're comfortable with, what you have a natural ability for and who you trust.

I get real estate, I'm good at and I don't trust finance people (no offense to the good ones but the bad ones ruined it for me).

YMMV

 

[blueta2]

YG's, it's called a duplex. You put 30 grand down and let the rents pay the morgage.
Real Estate is the BEST way to make money!
That or buy some good art

 

[velvett]

YG's, it's called a duplex. You put 30 grand down and let the rents pay the morgage.
Real Estate is the BEST way to make money!
That or buy some good art

That's good one too.A friend of mine bought a duplex in fla that already had long term tenents. Bought it for 65k (distress sale it was worth closer to 90k)and has two tenants paying 1100 each.

 

[youngguns]

I am currently investing 5gs in stocks and I've made about 1500 dollars in 6 months, it was up to 2500 profit for awhile but went back down, oh well cant find that much profit with that little money anywhere else!

 

[blueta2]

That's good one too.A friend of mine bought a duplex in fla that already had long term tenents. Bought it for 65k (distress sale it was worth closer to 90k)and has two tenants paying 1100 each.

my Dad was 18, started with a duplex and became a builder with the money he made. This was his biz and life and he made a lot of money.
He still owns property and lives off the rents.

Duplex, Threeplex or fourplex. It's a pain being a landlord, but you get used to it.

 

[blueta2]

I am currently investing 5gs in stocks and I've made about 1500 dollars in 6 months, it was up to 2500 profit for awhile but went back down, oh well cant find that much profit with that little money anywhere else!

Yep, that is the move of a 20 yrs old. Dumb move my friend. You'll regret it!
Stocks are like playing the power ball, Actually, you have a better chance of making money buying 30 grand in powerball tix

 

[youngguns]

easier said that done