What are the best ways to finance a flip?
104928
Depends on alot of different things. What is the sales price? Does it need work? What will the house appraise for after the work is done? Are you going to be living in the home while working on it? Are you going to use the proceeds from the resale of the home to finance another home to do the same thing? How long will the repairs take to complete? What is your financial situation? These are all questions I ask my borrowers who are considering this.\n\nLets say that the home needs work, you are not going to live in it while the work is being done, the work will take 6 mons, you figure the appraisal will go up 50K, it will cost you 15K to do the work, and you are planning on using the proceeds of the loan to purchase another home to fix, and resell. Based upon this information I would recomend doing an 1yr option arm, purchasing the home as an investment property. The reasons are this: If you do an option arm (and buy out the prepay at closing) then you will have 3-4 options of how you want to pay each month. Typically the minimum payment is at 1% interest only. With it being purchased as an investment property, you can then do a 1031 exchange on the home and not pay any capital gains on the proceeds of the loan. You will have to use the 35K in proceeds (proceeds - receipts for work done) as a down payment on your next house. However if you want to use the money to repair the next house, then after you do the initial purchase of the second house you would pull the money out sideways (take a second mortgage or HELOC). Now the money you used as a down payment is pulled back out of the home, but is considered a liability instead of an asset, and can be used with out paying tax on it. Now when you sell the second house, you will repay both the first and second notes on the home, and your loan proceeds will be what is left after paying off all obligations. Then you do the same thing.
609567
If you have a US dollar account and a debit card, you can sign up with an online broker such as Scottrade. (www.scottrade.com)  You will need an initial investment of US $500 to fund your account. If needed you may withdraw part of the $500 initial funding.  They only charge US $7.00 per trade, but keep in mind, that's both buying and selling, so it  is actually $14 dollars you need to add on to calculate your prophit/loss. \n\nGood luck!
47967
It depends on how much risk you want and how much you are hoping to gain. \n\nThe safest would be CDs. Check ingdirect.com, Their 18 month CDs are yielding about 4.5%\nhttp://home.ingdirect.com/products/products.asp?s=OrangeCD\n\nIf you are willing to take some risk you can invest it in mutual funds or even stocks. Investing in the market is more risky but can provide greater returns.
423889
The best way to do anything yourself is to learn something about it first. You'd be surprised at the thousands of books available on this one subject at your local library.\n\nBut most people spend more time deciding the color of their new car, than they do on a mutual fund advisor, for example. \n\nAre you really wanting to do this yourself, or are you asking about someone who is an expert who can do it for you?\n\nIf you invest in the stock market right now, or just buy into all the ETF's you can afford, it's a crap shoot, like rolling the dice, and the odds are probably not in your favor, whether you have an expert fund manager or not, because mutual funds are always "in" the market.\n\nThey say "Buy and Hold" for the long term is better, but that depends on when you get in, and what your definiton of "long term" is. \n\nThe Dow is now approaching all-time highs last seen in Jan 2000, so if your long-term definition is more than seven years, then you won't mind waiting another seven years for a profit.\n\nIn my opinion, the name of the game is capital preservation. When the risks are high, like right now, you get out of the stock and bond markets and park your cash in a interest bearing money market fund or CD or Treasury Bill.\n\nThis is simply not a good entry point for investors. Be patient, wait a few months, and you'll be able to buy much more stock a lot cheaper, the risks will be lower (even though they will seem higher), and your chance of success greater.\n\nIf you wish to research the “Buy and Hold Strategy” further, or perhaps trade yourself, I recommend two book titles. One is called "Which Is Better, Buy-and-Hold or Market Timing?" The other is "Do You Have What It Takes to Be a Market Timer?" They will give you plenty to think about.
321453
Buy a $111,111.00 or less house (If you don't have one)\nBuy a $11,111.00 or less car (If you don't have one)\nPay all your Credit Card Debts.\nInvest 50% of the rest on a small business (With the help of a retired CEO of a public company) and 50% of the rest on the stock market (With the help of a Portfolio Manager)
174671
Try www.prosper.com\n\nThis is the new p2p lending/borrowing without the middle men. (Similar to Zopa in U.K.) This works like ebay. You list a loan for $X (you can borrow up to $25,0000) at r% or less. The lenders would bid for your loan. As a borrower you are the "seller" and the lenders who bid on your loans are the "buyers." Unlike in ebay there will be multiple lenders giving you partial sums. Prosper takes 1% service fee upfront from you and distribute your monthly payments to the lenders. You personally won't have to deal with the lenders and you can remain anonymous.\n\nYour chances of getting a better rate on the loan is higher if you have good credit. Propser does the usual credit check when you sign up as a borrower and rates you as AA, A, B, C, D, E, HR(high risk), or NC (no credit).
613496
Go to www.basetrader.com excellent advice
196515
Exchange Traded Funds is the cheapest way.\nMutual Funds focused on Gold are more expensive and riskier but can give you bigger returns therefore it could be considered a better way.\nThe highest risk is on stocks of Gold Mines but once again the return is the highest.\n\nIf you are just looking for a "hold for a long time" strategy the best way to go is to buy the Gold digitally.\n\nIf you need more details I can advise you.
66683
It depends on what you mean by a little bit. I would save up  five hundred and go to the county clerks office and get a copy of the property tax list what houses that had tax leins on them or were forclosed. Then go when the auction is scheduled and bid on a house that you want (you can get one for as little as 100 dollars if no one bids higher) fix the house up and 'flip' it. you could sell it outright, rent it out. If you are willing to get in there and get a good deal, it really isn't too good to be true. Give it a try. First step is to go to the county tax clerk office and take a look at the houses and auction dates/times. Good luck.
742413
In addition to Yada's reply I also suggest you contact your bank.  They may execute the trade a little cheaper than a full service broker.
169481
Safe but low profit - Bank CD\nRisky but potentially high profit - Stocks\n\nIf you're into selling stuff, buy something in bulk and sell it on ebay.\n\nDo not join any "get rich quick" schemes....you will probably lose all of your money.
985987
I think the best way to invest is to first see what the best traders are buying and selling.  Then use that knowledge to hopefully improve your portfolio's return.  This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money.  Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors.  You can also read posts on investing from the best traders, as well as share your own investing ideas.\n\nHere are this month's best traders:\n\nhttp://www.top10traders.com/Top10Standings.aspx\n\nGood luck.
1008038
Mow lawns and don't let them rip you off by giving you $3, charge $10-$20 for a lawn, gas is expensive.\n\nSet up a stand and sell drinks, coolaid is good, it's cheap to make. \n\nIf you work every summer for the next 3 summers and put $3,000 in a saving bond at 7%. You could cash it out when your 65 for around $100,000
769801
Sure you can... talk to a discount broker. You can also throw your money into your trash can for faster results.
841715
Right now, you're probably "upside down" on your cars.  That means you owe more on them than what you could sell them for.  You are proposing getting upside down on a much bigger scale... that's moving backwards financially, not forwards.  Do not do it.  \n\nSell the cars even at a loss and don't get a loan for more than 100% (even that's stretching it).  You can then buy lesser cars (preferably cash) and then your payments and insurance won't be eating you out of house and home...literally.\n\nEven if this takes time, it is worth it.  Keep your credit clean - make payments on time and stop overstretching yourself.  At the minimum, save up your own closing costs and prepaids.  If you do get an 80/20 loan (two loans, equaling 100% of the sales price), make extra payments to the 20% part and pay it off early.  DO NOT BUY EXPENSIVE CARS AFTER MOVING IN AND KILL THIS OPTION.  Also, don't go out and buy all the appliances on credit and sink yourself into more debt.  Go look in the newspaper and buy used fridge, washer, dryer with cash as you can.  Don't fall for the "24 months same as cash" scams.  They know that you're over extending yourself, and the interest will get on there when you don't pay it off by 24 months.\n\nGood luck with your first home.
597148
try charles schwab, e-trade, or ameritrade
91490
for convience sake, find the nearest discount broker with an office.\n\nSchwab, Fidelity, Ameritrade or Scottrade ... for a few stock sales any of them would work. Scottrade being the cheapest. If you are going to leave the money in your account, then Fidelity would be best as they have a higher paying sweep money market.