1655, RE: $ 15000 idea|
Posted by Pepperfire, Thu Sep-13-07 08:12 AM
I'd be careful investing in Real Estate at this point, if you're not familiar with the field, you could end up buying when you should be selling. In which case, it will take a lot longer than that to recover not only your paper loss, but to double the money.
Real Estate historically averages 2.5% returns a year.
Flipping properties can be great, IF you know what you're doing. I like watching those "flip the property" shows on TV and frankly, I see many people end up eating their investment and actually losing money.
Whatever you decide to do with your money, investigate the project to the nth degree before signing anything. Know what you're getting into before you get into it and know how you're going to get out of it what you want to get out of it; iow, make sure you CAN write a workable business and marketing plan before you spend the 15K.
Tina Brooks, VP Marketing
Brooks Pepperfire Foods, Inc.
Makers of Peppermaster Hot Sauces
Eat more peppers!