Posted by David Alexander on June 17, 2000 at 19:28:34:
Money Market. Get the money working.
What could you do?
Find a few deals where you put the money in and get it all back out, never touching the principle. Maybe a deal where you borrow hard money for the purchase and use the 12k to fixup and market, and then retail or sale with owner financing, just make sure you get your money out so you can continue investing until you learn how to use OPM.
You could create at least 4 Lonnie Deals, and about 40k in paper, and 900/month income since your in a position to leave the money running you could probably buy antoher Mh every 3 months or so with the cashflow.
Some folks are gonna say leave your money parked until you get more knowledge but I promise if you put your money on the line the knowledge will come fast.
Just pay very close attention to getting the money back or at least having very high cash on cash returns.