You're given $10,000 and....

[Jimi Swagger]

If have a trustworthy African buddy (or find a freight forwarder and clearing agent), get into car and parts importing. Go to police and dealer auctions to buy a car (and auto parts), freight and ship in a container from a port like Baltimore. After shipping and clearing then selling can see receive your profit within a month or two (or within weeks) and do it again.

Then invest in something else like land for tiny homes. Since everyone is downsizing with this market, I am looking into how to start a community and parking area for tiny homes. Kinda like a trailer park community with lot fees (income for me). My spouse thinks it's hair brained - more data and numbers driven than me - but I can see the potential as people would rather outright own their homes and invest in quality of life, retirement or the kid's college than extra space.

 

[An ashy lil fap hand]

Real estate as a storage space/studio. Rent the space. Rent stuff out of the space. Distribute goods online and personally in a van/truck. Hustle it all the way up. Invest at least half the profit in stocks. Set up one of those IRA things maybe? Contract employees as necessary. Brand everything.

I say this because that's a low amount of money and understanding how to make it work on a personal level will make you more understanding of your millions and who you represent

 

[Astroslik]

Real estate easily. Not that you would reach 2 mill easy, but you would have a far better shot than the others. . . But $10K ain't shyt to start anything. . .

A somewhat realistic strategy would be to look into copping a tax lien certificate and hopefully get to flip that crib.

You won't reach 2 million EASILY

 

[Meta Reign]

You won't reach 2 million EASILY

Hell no. That's not what Im saying. Im sayong out of his choices that's easily the best one. But that's super doubtful.

 

[Meta Reign]

The chances of turning 10k into 2 million within 10 years from stocks or real estate is very small. Starting a business is your best bet. 10k is sufficient capital to do a lot.

I spent 4k on a website that drew the attention of a VC within 2 weeks of launch and got me a call with them.

You left out the part where the VC stopped hitting you up once they realized you have nothing proprietary and lack revenue. Once again Real Estate is the best option.

 

[cleanface coney]

loan it to the right people

 

[acri1]

I have no idea.

If I did, I'd have taken 10k out of savings and flipped it ages ago.

 

[ill]

Easy. I'm buying up all the property I can in South Shore. Its hella foreclosed stuff over here. My aunt bought a condo for 12k. Last year, they were selling a 3 story apartment complex with light fire damage for 10k. Its nothing but beautiful high rises and multi level homes over here, that will go for 1mil+ a pop once the area has been gentrified (which will happen in less than 10 years).

What city/state

 

[PoppyCorn710]

You're better off spending it on plastic surgery and finding a rich simp or desperate sugar momma.

 

[无名的]

You left out the part where the VC stopped hitting you up once they realized you have nothing proprietary and lack revenue. Once again Real Estate is the best option.

That's a fair point, but you don't need a lot of money to generate revenue. I was generating revenue immediately, just not the 25k per month they were looking for. I also worked in the auction industry awhile ago and it's not hard to buy things to quickly flip. I used to buy liquidated items and it was pretty easy to make money doing that.

You control your own destiny as a business owner, at least far more so than real estate.

 

[cleanface coney]

Easy. I'm buying up all the property I can in South Shore. Its hella foreclosed stuff over here. My aunt bought a condo for 12k. Last year, they were selling a 3 story apartment complex with light fire damage for 10k. Its nothing but beautiful high rises and multi level homes over here, that will go for 1mil+ a pop once the area has been gentrified (which will happen in less than 10 years).

bruh i was just chillin in terrortown/south shore on new years weekend i was sayin the same thing ...shyt crazy its some big dumb ass houses over there but you smack dab in the jungle lmao area 5x wilder than detroit, i see the potential though

 

[Lady.Libra.]

I'd look into liquor licenses, funeral/burial services and commercial real estate.

 

[cleanface coney]

You should put me on then. I'm telling ya'll, you should really get some property over here. It is severely under priced just because of the crime issue. You not finding beautiful apartments right off the lake, with rent under $1000 (WITH free fukkin heat!) anywhere else in the city. Englewood might be a lost cause, but South Shore will be booming again, and soon.

bro honestly i dont know all the ins and outs in chicago i just be chillin wit my fam or my lil 1 thing for the most part usually in the southloop rodgers or ttown sometimes uptown

i do see the potential tho, the same shyt going on in detroit.... but the barriers seem like its higher in chicago you really gotta be plugged or playin wit some long paper

if you interested in detroit i fasho got some plugs when it come to cribs... but chicago its gone be a lil while before im over there tryna get some shyt going, honestly i love yall city i wanna move there after i get my crib fixed up lmao detroit aint got the all the way city feel like chicago

south shore look like a buy and hold type of area until they come like u said... money gotta be long to buy and hold some shyt lol

 

[cleanface coney]

I know you gotta get yo shyt right in Detroit first (I gotta get my bread up my damn self), but this can all be yours for less than a new car.

7855 S South Shore Dr # 4E, Chicago, IL 60649 | MLS #00000 | Zillow

Chicago is cheaper than you think, if you not scared to come to the hood.

see i need a lil duckoff spot like this when im over there, im lookin at the map i see the vision... detroit and chicago the same hood shyt going on just more people over there lol i aint never worried about that

but keep me looped in tho bruh imma do the same, i be over there every couple months might be a benefit to this conversation 1 day u never know

 

[88m3]

real estate in Chicago is dirt cheap they aren't playing with those taxes though