How would you flip 5k

3 pointsshams931 comment

Her first thought is house flipping, not sure what people think about that. I've heard of good results with short term corporate bonds from some family. How would you flip 5k into a running business?

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You only make money flipping houses if you do most of the work yourself and hustle on buying materials and PC items. It is extremely rare to make a profit if your use contractors. You have to keep in mind the transaction and holding costs as well.

The best way that I know of using 5k in a business is to buy stuff at a good wholesale price and sell it for a good price. If you mark up 50% the 5k becomes 7.5k and then you do it again and now you have 11.25k and so on - the beauty of compound interest. But again, you need to know your target market and there is some work to be done.

Corporate bonds? I'd think you'd better do at a casino.

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