If you had $50,000 to spend, but you had 45 days to pay it back, what would you do?

i just want to say i disagree with bilgi and silica

 

wow... how many threads like this do you start a day

http://forums.digitalpoint.com/search.php?searchid=12874087



so, how much do you make from the adsense???


There should be a limit on how many threads a user can make with less then X post

 

no thread comes up for me at the link you posted

 

send it it to me and i ll let you know what i did with it

 

stock market! split into 5 10k chunks, do some research, make A LOT of money.

 

buy lots of forums with good traffic and chuck some ads on

 

one thing

I been thinking about how this is possible

and it sounds to me like someone has an AMERICAN EXPRESS CARD, and will float the close date so they get 45 days before FULL PAYMENT IS DUE

if thats the case, there is in fact a way to stretch the payments to 3-6 months depending on how old the card is and what size purchases have been made

 

Send it this way and I will tell you

 

Probably the most useful . . . and realistic advice here. Because it buys you the thing that you need the most, which is . . . . more Time. More time to repay that 50K and make a profit.

As for the other scenarios, let's see . . . if you made $10,000 on your $50,000, then you are making a 20% profit. In 45 days. That's +160% profit a year! How many people do you know that make over 160% on their money a year?

 

just you and yoda!

 

put it in bank & use the intrest as my capital

 

The only real option in such a short time frame is to find something that you know somebody already wants, of which there is a limited supply, find it first and sell it to them at a profit.

Anything else is going to be high risk, or take too long to achieve.

What that "something" is, I don't know.

Even the property example previously will only work if you know that someone will actually buy it for the higher price. Illiquid assets aren't great things to have in uncertain times.

 

Dear n-james,


haw can he make more then 10k profit in 45 days with 50k??

 

do something your GOOD at.

 

Since the thread mentioned that I have to pay back in a short amount of time (45days). Not much I can do with it. If I invest, there's a chance to lose the money and not be able to repay full amount. So the safest way is to put the 50k into fixed deposit and then enjoy the return a month later. Not much.. a 5% return per annum could give about 200 bucks- minus the tax..LOL

 

Ok, what does everybody think about this idea?

Call up all the small business in the area and offer to buy their billed invoices (accounts receivable). A-lot of small businesses face a cash/credit crunch and need the money to meet payroll, buy supplies, etc., particularly, if their customers are slow to pay them.

The business is called "Factoring". You can look it up on Google. You provide the small business with cash by giving them 80% of the invoice amount in cash. Sine the work has already been done, and the customer has already been billed, the invoice should be paid in less than 30 days.

Once the customer pays the invoice, you get your 80% cash advance back +5% profit. Assume you can buy $45,000 in invoices ($5,000 reserved for expenses, legal contracts, operations, etc), then you've made $2,250 on your $50,000 in less than 45 days. Which is 4.5% profit in 45 days = 36% annual profit.

 

not true

read what i said

he would be pulling the instant equity he got out of the house

in otherwords as simple as getting mortgage on the property...(he paid cash, it has no liens, and whatever he asks will be much less than the actual value...any lender will do that)

its a "REAL" asset, which are good to have ANYTIME

 

good theory..not so much in practice

what if they pay late?

what if you have to go into collections?

it is a great business....if you are familiar with the industry and know how to collect on recievables

AR financing is not new...neither are its problems

good idea though....much better than "put it in savings or buy a CD" or other such nonsense

 

You can only pull equity out based on a valuation by the bank. You have just bought the house for a set amount. That in effect is the value of the house.

This equity release method works when banks are willing to lend money based on optimistic valuations (rising prices). Those days are over.

The problem is that banks aren't willing now to lend on these terms.

As I said, it only works if you are actually buying something for true "below market value". ie someone else is willing to pay more for it than you paid.

Again, in your instance all you have done is buy it for market value, as you don't know whether someone will pay more for it. By buying it for x amount in an open market, you have set the market value at x amount.

Banks are definitely not in the mood to be taking a risk like that at the moment.

REAL assets aren't good to have ANYTIME. That's an absurd notion in a declining market.

 

you are totally out of your mind

once again, you are talking about something I DID NOT SAY...

You may not be familiar with this method...you are probably a realtor

You know the one person you actually DO NOT NEED to buy or sell a house but everyone thinks you do

the ultimate middle man position. REALTOR association speaks that kind of nonsense


lets look at what I REALLY SAID...no I didnt go into detail, but I was VERY accurate

pay cash for a house in foreclosure that is wayyy under appraised value....since its REO the bank is happy to do a cash sale for less than what is owed

Let's say every house in the neighboorhood is 150k-180k

(we have new development in the suburbs - starting at 150....BRAND NEW HOUSES!)

so these houses are all 3 bedroom houses in good condition (no major structural issues in foundation, termites, roof, working AC...only cosmetic rehab needed)

You mean to tell me if you pay 55k for a house, all of a sudden its ONLY worth 55k? ROFL!

THE LAND ALONE IF YOU COLLAPSE THE BUILDING IS GOING TO BE MORE THAN 55K in that neighborhood

How silly to think that someone lives in a 400k neighborhood, but bought the house for 100k and now its only worth 100k!!!!!

You must understand that YES COMP values are not the same as APPRAISED VALUE, but again....it's not as easy as it sounds...there is a lot that goes into buying a house.

Lastly, when you are talking about an REO banks are happy to SHORT SALE...because they need to get it off the books. So they can get their OWN MONEY out of escrow to begin to do what,,,,LOAN IT OUT

thats how banks make money...didn't you know? by investing and LOANING MONEY SO....

YES banks have gotten more restrictive with loans...BUT...What bank at any time will NOT do a refi on a property with ZERO LIENS and an 80%LTV???

If you havent done it, don't say it can't be. I have.

THere is so much that goes into it, but let me assure you....it can be done, and is done every single week.

Matter fact, come down to Tampa Bay Florida, I will show you paperwork and introduce you to people who do it every week....and we supposedly have one of the "worst" markets...we definitely are always #1 or #2 in foreclosures each month

Better yet, educate yourself for free


go to google and type in your city or state and put REIA behind it as the second keyword

find a local chapter, go talk to people who ACTUALLY DO THIS and come back and tell us what you learned