If you quit your job to become rich, how would you try to do it?

[sean1]

I would use the $250,000 as leverage.

I would either use it to invest in real estate where you can often make 0-3% down payments and then rent the unit before selling it or I would use it to establish large lines of credit either at a number of offshore or vegas casinos and bet scalps and middles.

In no time at all (Maybe 2-3 years) that $250,000 would be $1,000,000.

I then do the same again with $500,000, throw the other $500,000 into prosper.com and fund 25% loans.

Rinse repeat.

-Sean

 

[oldirtyku]

Why not buy 10 properties for that much and hire out contractors to do it? Pumping 250k into one property seems like a monumental waste when financing is easy.

I agree that getting more than 1 with contractors would be the way to go. But I would not want to purchase too many at first to avoid high risk. Rather start small and build the company through accumulated capital instead of major borrowing. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o></o>
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Anyone ever purchase or know someone to purchase a foreclosed house and fix it up? I heard this can be a very profitable business.<o></o>

 

[yakmerchant]

make book

 

[tatehill2000]

everyone assumes they come into 250,000 or more,,, so I think with only a Quarter of a mil I would move to Costa, Trini, or Guyana,,, put 50K down on a 300K house, handicap with the rest,,,,

guyanese girls,,,, ahhhhhhhhhhh,,,,,, so hot,,,,,

tater:thumbsup2:

 

[RobFunk]

:howdy: