If you had $20,000 cash lying around...

[Jinxus]

what would you do to increase it?

 

[greenleaves]

Keep saving; that isn't enough money to try and seriously invest; plus, you might hit hard times and need cash.

 

[droplister]

Keep saving; that isn't enough money to try and seriously invest; plus, you might hit hard times and need cash.

This. Or pay off / down debt for a guaranteed return.

 

[GiJoe]

skittles and pop rocks!!!

 

[Jinxus]

Have you guys tried Lending Club?

 

[transistor]

I have $25k in lendingclub. My ROI is 18% so far, but it's sure to fall a bit once I get some defaults.

 

[Esquire]

I have $25k in lendingclub. My ROI is 18% so far, but it's sure to fall a bit once I get some defaults.

How long have you been invested w/them?

 

[kingofsp]

Buy guns and silver coins and prepare for the end of days.

 

[TSEO$]

I'm in the same boat.. I'm going to be launching eComm brands but if you don't do it right, warehouse lease will eat you alive in 6 months

 

[titanium777]

Grab all my loose change, go to CoinStar..

>> $$$

 

[contract]

Hookers and blow should have be the first post answer...

 

[blureach]

Not enough to do much damage yet.

Buy a house/duplex that can be converted to full-rental in a couple years and start building your RE empire. That's what I'm working on.

Other than that, pay debt first, then max IRA Roth, and then maybe lending club but I personally don't fool with that stuff.

 

[cheshire]

Not enough to do much damage yet.

Buy a house/duplex that can be converted to full-rental in a couple years and start building your RE empire. That's what I'm working on.

Can't buy a house for $20k thats worth a shit. I don't recommend investing in RE until you can pay cash outright for the home you're renting, or atleast 75% of the purchase price down. The meager returns you get will be sucked up by repairs after tenants leave.

 

[dreamscape]

Report it to the IRS and pay taxes on it like a good patriotic civilian.

 

[transistor]

How long have you been invested w/them?

9 months

 

[BenPOF]

Probably decorate my living room:

 

[mGrunin]

mcgrunin

 

[TheMightyOne]

$15k on hoes and cocaine, $5k on lottery...cant go wrong with this formula

 

[evolutionvision]

[ame=http://www.youtube.com/watch?v=8G4Mq8cfeso&feature=player_embedded]Mark Cuban: The Beauty Of Cash - YouTube[/ame]

 

[blureach]

Can't buy a house for $20k thats worth a shit. I don't recommend investing in RE until you can pay cash outright for the home you're renting, or atleast 75% of the purchase price down. The meager returns you get will be sucked up by repairs after tenants leave.

FHA on your first time around.
You can get into something remodeled that will rent out nicely.

I don't know of anything else with 20k that provides solid returns that isn't risky as shit. For your first property, you want something that is positive cash flow in an area that appreciates consistently to build up your net. You won't make much money on your first 2-3 properties but the banks will start to love you and that is how you build the portfolio.