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mikesouth · 08-22-2008, 11:27 AM

depends on what part of the country/world you are in assuming its USA and its not in a real negative growth area like Dayton OH

Buy a moderately priced home, in distress, below market value, 50K is a good downpayment if not enough to buy outright.

Fix the house up and turn it into rental property, In a bout 2-3 years when the housing market rebounds (and it will) sell it, you should easily double your money with very little risk...your renters are probably paying more than any note you carry on it if you have to finance part of it.

08-22-2008, 11:27 AM
mikesouth Confirmed User Industry Role: Join Date: Jun 2003 Location: My High Horse Posts: 6,334	depends on what part of the country/world you are in assuming its USA and its not in a real negative growth area like Dayton OH Buy a moderately priced home, in distress, below market value, 50K is a good downpayment if not enough to buy outright. Fix the house up and turn it into rental property, In a bout 2-3 years when the housing market rebounds (and it will) sell it, you should easily double your money with very little risk...your renters are probably paying more than any note you carry on it if you have to finance part of it. __________________ Mike South It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz.