15,000 to invest...but where?

[jackpotsoftware]

So I came across $15,000 dollars but I want to strictly invest it. So the question is where? I'm looking for a quick turn around, and a great rate of return. Any suggestions? I'm looking more into clothing, maybe a online store, but with that nothing is guaranteed...or is it?

Need Suggestions!

[BioSpherical]

Try and get some stock from a wholesale/supplier and sell it to make a profit. I can help with this - even do it all for you for a chunk of the profits. PM for more info!

[chriswick]

Why don't you pick out a website from sitepoint.com

[amg2000]

Several ideas comes to mind, but first, how much risk are you willing to take?

Brian

[David Rocci]

What kind of return are you thinking about? 10%? 20%?

Do you prefer an active or passive investment role?

-dr

[jackpotsoftware]

20 percent return would be nice, but what kind of business would return such an amount? I've been thinking about passive and active, either would be fine (i rather be hands on.) Sitepoint.com looks good but how long would it take to turn a profit? My goal is $50,000 profit in 8-10 months, but that might be too generous an amount to plan for. I'd rather take a calculated risk then a high, this-might-not-work risk. Any ideas?

[bbg]

I know great ways to make a return on your money but there is always a level of risk in investing. Personally I think that this is what makes it fun.

Making 50K out of 15K in 8 to 10 months is quite a lot of money and I think you might have to take a lot of risks to get there.

However I heard of a few real estate deals that can produce some cash. Let me know if you want to know more about that.

[jackpotsoftware]

Real Estate has always interested me, but wouldn't I need more money to start with? With that being, I would still like more information.

[EthanK]

I'm sorry , but unless you invest that $15,000 in cocaine, there is a slim chance you will get $50k in 8 months. As it was stated earlier, look on sitepoint.com, there are tons of great sites available just in your price range that are and will continue to make money.

[mbolton2181]

I have thoroughly researched investing in real estate in the area surrounding my University (Temple Uni) in Philadelphia, PA.

I calculated that for down payment, incorporation, repairs, etc. I would only need 10k

If you have 15k, go buy some rundown place in an up and coming area. Make sure its the ugliest house on the block - not the nicest. Thats how you make money. Also, I wasn't planning on flipping. Just restoring and live-in and renting.

There is alot of math to work out like renters required to breakeven and whatnot but when you are investing around colleges their is always renters if you can deal with alittle extra maintenance.

Seriously, if I had 15k I'd be buying houses that I can rent out for a long period of time and sell MANY years later.

I recommend you read "Automatic Millionaire: Homeowner" by David Bach

my opinion, I would not be investing in websites.

[syia]

email me at syiasweetcorn@gmail.com if you are interested

[tori]

Invest some money into what you have skills and above average talents in. And make sure you have a true passion for it. Because where you have passion, your heart will be in it. If your heart is in it, you will not give-up.(this is from many years of bussiness experience) This may not be the advice your looking for. be careful were there is fast money, there is a HUGE risk at losing all money invested!!!talk to investers maybe even brokers.

[sonnyrizo]

Unless it is all media hype, I would stay out of real estate. Buying and selling homes is not a piece of cake these days, but it is possible the media has entirely deceived me.

I wish there was a quick buck kind of thing, but there likely isn't. You'd probably be better of taking small portions of that money and making money of of those individual portions instead of one large investment.

If you want quick money, why build an online store? That would take a while to get you going.

Personally, I would think of something small, low-key, and simple. Nothing fancy. I'd also make sure to take my time so as to not make any major mistakes.

[malm42]

There is nothing out there that you can make a "quick buck" on. With 15k, Real Estate is your BEST CHOICE. The first thing to do is get a loan, even before you start looking. But obviously, you have to specialize in a specific price range. I only buy houses worth 15-33k. The reason you get the loan first is because you want to look for distressed home and homeowners who want the money quick and for them to get the hell out of there house. People such a divorce couple, forclosures...ect. Then, look at A LOT of houses and do a lot of research, then buy a junker house that is worth about 25,000. Spend $2,500 of that 15k on a 10% downpayment. Your going to have to do a downpayment these days because of the credit crunch and lenders tightening up their loan qualifications. Once you have the perfect house, use the rest of that money for repairs and closing costs (you may have to take out a couple thousand more), then sell if for profit. It's easier said then done, but I have been flipping house for a couple years now and people say that it is impossible with the horrible housing market. It is not impossible. A person can flip even in the worst market. The key is look, look and look somemore for that perfect house with distressed owners. Good Luck!

[wully00]

Originally Posted by EthanK

I'm sorry , but unless you invest that $15,000 in cocaine, there is a slim chance you will get $50k in 8 months. As it was stated earlier, look on sitepoint.com, there are tons of great sites available just in your price range that are and will continue to make money.

"One hundred thousand dollars in sales per week … 90% net margin … 90% repeat business … On an investment banking teaser, this company profile would have generated widespread interest among the investment community—had the core product not been crack cocaine."

Read about a great program... http://www.prisonentrepreneurship.org/