It obviously depends on what else you have to work with. Most people neglect to give value to things other than money. So the first thing you need to do is understand what you bring to the table that has tangible value.
For us, we are licensed contractors, brokers and do development. Working with $5,000 we could tie up a parcel of land, begin the design and engineering, start marketing, and line up the financing on a residential property. In fact, we just did it, and had a buyer lined up before the escrow on the land purchase was even closed. (note, I said lined up, we didn't enter into contract to sell until land was closed, then immediately opened on the sale of the house to be built) Closed on the house about a month ago.
Don't get me wrong, it's not easy to do in southern California where prices are through the roof. But, in other areas of the country where the prices are more reasonable, and markets are starting to grow, it would be an easy one to do.
There's other ways too, but I won't take up the whole thread :) But.. hint (lease w/option, land development deal, partnerships, etc.)
THINK OUTSIDE THE BOX!! If you had $5000 and your life depends on using that to survive, what do you do?
Karen Margrave, Parlay Investments, 1st American Construction
E-Mail: parlayinvestments@gmail.com
Website: http://www.1555harbor.com
PARLAY: definition: to increase or
otherwise transform into something of much greater value
dave matthews ambien wwdc madden 13 cover dalai lama tamera mowry slow jam the news
No comments:
Post a Comment