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What is the best way to invest in real estate with $15,000?Please don’t take this the wrong way, but you probably shouldn’t.Oh, it’s entirely possible to invest with $15,000. Or $10,000. Or $5,000. I know plenty of people who’ve done it.On the other hand, a successful real estate investor need to have certain skills and traits. Primary among them is the ability to listen. You really need to listen to what other people say. Often, this is in the context of dealing with an owner who wants to sell. You have to listen closely not just for the stated reason, but for the underlying context and possible motivation as well.A successful investor has to realize that the “best” solution for one seller won’t be the best for another seller. One seller may want/need all the cash immediately. Others may want an income stream. So when a seller calls, it’s important for the investor to ask something like: “What would be the best solution for you? What are you looking for?”A successful investor usually is creative. He/she often is creative in constructing a deal that the seller finds attractive, and yet still yields a profit for the investor.Your question, with all due respect, suggests you may not have what it takes.The main problem is with listening skills and the ability to pay attention. That same question has been asked literally hundreds of times on Quora, and has received thousands of answers. I think I answered that basic question three times yesterday alone. Seriously. If an investor doesn’t listen to what the owner is saying, the investor is going to fail. And if someone asks the same question on Quora that’s been answered thousands of times already, perhaps that person doesn’t have what it takes to succeed as a real estate investor.Consider these questions:What is the best way to start investing in real estate with only a small ($10,000 or so) amount of money in my early 20's?What is the best way to invest 10,000 into real estate?What are some creative ways to get into real estate investing with little or no money?What is the best way for someone who is 20 years old with $20,000 capital to begin investing in real estate/rental properties?What kind of real estate deal can I do with $20,000 capital?What is the best way to get started in Real estate investing? I own a condo, make a decent salary for my area, and have about $15k in savings.What's the best way to start investing in real estate with little or no cash?How can I break into the real estate investment business with only $5000?Is $30,000 enough to start a real estate LLC (long-term)? Is it enough to buy a first property (living in Michigan)?I’m currently in the United States Air Force and I am planning to get out with $40k and my real estate license. What avenue do you feel is best when first starting out? Flips than turning over capital to rentals?As a beginner in real estate investing, should I start with rental properties or wholesaling?How do I buy a property for 5000 dollars?Right there are a dozen different questions asking pretty much the same question that you did. There are many, many more on Quora.Either you read the hundreds of answers and decided that they weren’t good enough (which would be surprising; there were some very good answers there) or you didn’t read the hundreds of answers and therefore didn’t do what in real estate is called “due diligence.”You’re going to have to strengthen this aspect before expecting to be successful in real estate.The next difficulty is that you’re asking about the “best” way. There is no one best way. What’s your goal? If you’re young and have a lot of student loan debt (or just debt in general), the answer probably would be the quick cash you’d get from wholesaling. If you had a lot of money and want to be more passively involved, consider becoming a landlord. (You can do a handful of wholesaling deals, then—if you wish—buy a rental property.) If you like big paydays, maybe rehabbing is for you. If you’re interested in some solid profits achieved pretty safely, then perhaps investing in tax liens is the answer. If you need a place to live but still are interested in investing, maybe buying a duplex with FHA financing is the answer.For example, I like wholesaling. It’s very low risk, and the return on investment is very, very good. But wholesaling alone won’t build up a stream of income that might let me retire young. (Too late for that, however!) And wholesaling won’t bring in the big amounts of money that rehabbing can . . . though with more risk.Observation: Lots of people starting out imagine themselves buying rental properties. They imagine spending $15,000-$30,000 for a downpayment—most or all the money they have—for a rental property on which they might be lucky to get $200-$300 a month in positive cash flow. You’re not going to get wealthy by spending every penny you have on the chance to bring in an extra $300 a month.To simply ask what’s “best” is to ignore all personal preferences and situations. And you can’t do that and still be a successful real estate investor.Finally, you have to be creative. That requires some creativity in putting together deals. It usually means effective marketing. And it often means finding niches, rather than being all things to all people. Let me give you an example: You run into a seller who wants $300,000 for his property. But the property is only worth $280,000, and the most you as an investor can pay—if you pay all cash—is $210,000. Can you make the deal work? Absolutely, if the seller is willing to owner-finance. Or suppose you’re marketing to a common niche—absentee owners. But it’s really too common; that’s who almost everyone seems to be marketing to. Can you be creative and find another niche? Or a sub-niche of that group. Sure, it can be done. But you’re not likely to get the answer you need by asking about the “best way.”Hey, you want a good niche? Try people who’ve inherited houses. You want another niche? People who’ve owned the same property for 40 years. (Forget about estimated equity. Forget about whether they’re absentee or not. If they’ve owned for 40 years, they’re thinking about selling.) OK: Those tips alone should make this answer more than worthwhile. And that’s an example of being creative.So: Refine your listening and paying-attention skills. Also, determine from your own needs and your own personality what might be “best” for you. It’s not something others can answer. Once you’ve strengthened those areas, you’ll be in a good position to determine what to do with $15,000.

Why? Because political cycles are very much like the secular bull and bear cycles experienced in the financial markets. The Quora Community is most often focused on social issues, but voters in the aggregate are driven by pocketbook issues when times get tough. In 2008, the Democrat Party was the benefactor of financial woes that reached a crescendo on September 15, 2008 when Lehman Brothers (company) went under.The Democrats dodged a bullet in the 2012 elections when "Helicopter Ben Bernanke" pumped trillions of dollars into the economy (FRB balance sheet grows from $800 billion to $4 trillion). The U.S. Federal Reserve, abetted by runaway government spending (year after year of $1 trillion+ deficits through Continuing Resolutions) and an adoring media, created a sense that things had turned around. This artificial sense of financial well-being, allowed voters the luxury of factoring in social issues like "The War on Women" and the items cited by the questioner.Hence, once the Democratic Party reaches a zenith, either regionally (read: California (state)) or nationally, it means their Republican counterparts are experiencing a nadir with all variety of soul searching and finger pointing. Sadly, this type of absolute political power always corrupts.And like all financial markets, booms are invariably followed by busts and vice versa. We witnessed this is in New York City after decades of Democrat rule. The City experienced a near death swoon in the 1970's and 1980's; starting with a brush with bankruptcy and the steady rise of crime eroding neighborhoods and real estate values that interrupted the romance with urban life. In 1994, the citizens of NYC voted in Rudy Giuliani, a law and order Republican while the State of New York went for another Republican, George Pataki (politician), after the long reign of Democrat figurehead, Mario Cuomo.Times Square Past and Present:Witness the transformation in the State of Michigan (state) where Democrats, facing little resistance over decades, racked up enormous debts while ignoring the Stage IV cancer that had overtaken Detroit, MI. In 2010, Michigan voters had had enough: Election Results.Now, with Detroit under an Emergency Manager and few residents claiming Democrat identification, we will see if the Republican run is extended; see The man who once saved New York City from bankruptcy explains why Detroit may go under.In summary, events will most likely fuel a Republican Party resurgence, if there is one. The Patient Protection and Affordable Care Act (Obamacare) and historically low workforce participation levels could be potential catalysts for a wave election in 2014 to change the Republican Party's standing on the national level. The financial insolvency of states and cities under decades of Democrat rule may be another.

During the Revolutionary War George Washington hosted a dance for his officers. When the wife of Nathanael Greene rashly declared that she could dance all night, Washington dared her to prove it. He kept her on the dance floor for three consecutive hours before she laughingly cried uncle. Washington was so terrified of being buried alive that as he was dying, he instructed his servants to wait two days after his death before interring him.When John Adams was admitted to Harvard, he rode his horse from Braintree to Cambridge to enroll. He took his books with him and read while he rode. In his old age, he had to sell property to his son, John Quincy Adams, to stay financially afloat.The Lewis and Clark expedition is considered more important today than it was at the time it was undertaken. Thomas Jefferson especially hoped they would find a Northwest Passage. When they didn’t, he thought the entire expedition had been a failure and was so chagrined, he rarely mentioned it.James Madison and Aaron Burr were classmates and political rivals at the College of New Jersey (now Princeton). Madison studied Hebrew and became fluent in it.George Washington is the only president who was elected unanimously by the Electoral College. In 1820 James Monroe received all but one electoral vote, and an urban legend holds that the dissenting elector voted against him in order to preserve Washington’s unique distinction. Actually, the elector, William Plumer, voted for Monroe’s opponent because he simply didn’t like Monroe even though he was pledged to vote for him.John Quincy Adams was the last member of the Federalist Party to become president. Defeated for re-election, he ran for a seat in the House of Representatives and served five years before he suffered a fatal stroke on the House floor.Andrew Jackson, who had a phobia about owing money, became the only president to pay off the national debt.Martin Van Buren served one term as president, ran again in 1840, and lost. The 1840 version of political attack ads were a chant, “Van, Van is a used-up man,” and an insinuation that Van Buren was a fop who perfumed his whiskers.William Henry Harrison had ten children with his wife and possibly as many as six children by a slave mistress named Dilsia. Nonetheless he sold four of Dilsia’s children.John Tyler was elected to the Confederate House of Representatives, becoming the only president who supported the Confederacy in the Civil War. However, he died before he could attend a session.James K. Polk never had children and may have been sterile or impotent. In his teens he developed bladder stones which were so painful that his father took him from Tennessee to Dr. Ephraim McDowell, a renowned 19th-century Kentucky surgeon. McDowell removed the stones but may have damaged nerves in the process. That was not unusual prior to the invention of ether, when the best doctor was the fastest, one who could cut open his patient and sew him back up before the patient died of shock; haste sometimes caused collateral damage. Polk had the shortest post-presidential life (three months) and his wife, Sarah, the longest widowhood (42 years).Zachary Taylor was a Mayflower descendant and father-in-law of Jefferson Davis during Davis’s first marriage.Millard Fillmore encountered financial difficulties as an ex-president, which he solved the old-fashioned way: he married a rich widow.Although an alcoholic and a failed president, after leaving the White House Franklin Pierce became a successful investor in real estate. Barbara Bush, nee Pierce, is a collateral descendant of Franklin Pierce.James Buchanan insisted that his portraits, whether painted or photographed, show him from his right side. He didn’t like the way he looked from the left side.Abraham Lincoln’s father, Thomas Lincoln, was a dead ringer for Harrison Ford.As Abraham and Mary Lincoln rode to Ford’s Theatre in their carriage, he talked about his post-presidential plans, saying he wanted to visit the Holy Land. But although he knew the Bible well, a close friend said that Lincoln did not believe Jesus was divine. That would mean Lincoln was not a Christian.Andrew Johnson is the only U.S. president who had no formal education from either school or tutors. As a boy he was apprenticed to a tailor who hired people to read aloud while the apprentices worked. A fellow tailor taught him to read and write. As an adult, he furthered his education by reading voraciously, attending speeches, and having his wife read aloud while he sewed. He married the second woman to whom he proposed; the first turned him down even though he sweetened the proposal with a gift of a quilt he’d sewed himself.Ulysses S. Grant was mistakenly enrolled at West Point as Ulysses Simpson Grant (Simpson was his mother’s maiden name). Since he’d never liked his first name, Hiram, he never corrected the mistake. Contrary to the widespread impression that Grant was an alcoholic, he held his liquor when he was with his family and drank to excess mostly when he was stationed on a military post far away from them. Junior officers knew to prevent him from taking a first drink, because after that he tended to keep drinking.During the Civil War Rutherford Hayes served in the same regiment as another future president, William McKinley.James Garfield’s mother divorced her second husband, causing a minor scandal at the time. Garfield attended what is now Hiram College, but which at the time bore the resounding name of Western Reserve Eclectic Institute.Chester Arthur was subjected to “birther” rumors that he had been born in Canada; he was actually born in Vermont. His mother was Canadian.Grover Cleveland was the son of a Presbyterian minister who did missionary work, which kept his family poor. Grover reportedly learned of his father’s death from a boy hawking newspapers. Moses Cleaveland (that’s how he spelled it), a Revolutionary War hero for whom the city of Cleveland, Ohio was named, was a distant relation.Benjamin Harrison was the grandson of William Henry Harrison. He owed his career in part to one (I am not making this up) Godlove Stein Orth. In 1876 Orth was the Republican Party’s candidate for governor of Indiana, but when he was accused of involvement in a financial scandal, he withdrew and Harrison was chosen to take his place. Though he lost the gubernatorial race, it raised his political profile.William McKinley’s wife, Ida, was epileptic. If she had a seizure while they had guests, McKinley would throw a napkin or towel over her head and continue as if nothing was amiss, removing the cloth after the seizure passed. After her husband’s assassination, Ida never had another seizure.Theodore Roosevelt’s father took advantage of a law allowing him to pay someone else to take his place in the military draft during the Civil War. After he had his family, he worked in New York City and came home to Long Island only on weekends. Teddy had asthma as a child, but since he rarely had attacks on weekends, some experts on asthma suggest that his condition may have been psychosomatic and was temporarily “cured” whenever he had his father’s full attention.William Howard Taft is the first president to be buried in Arlington National Cemetery. He was Secretary of War under Theodore Roosevelt but never served in the military.Woodrow Wilson is the only president who earned a Ph.D. degree.Because Warren Harding came from the wrong side of the tracks in Marion, Ohio, his father-in-law suspected that he was part black and bitterly opposed his daughter’s decision to marry him. DNA tests on male collateral Harding descendants have determined that the family has no African ancestry.Calvin Coolidge was fluent in Italian and wrote a translation of Dante’s Inferno. A story that immediately after their wedding he gave his wife a bag of socks to darn may be apocryphal.Herbert Hoover claimed to be the very first student to enroll at Stanford (in 1891) because he was the first to move into a dorm. He and his wife learned Mandarin Chinese while he was working as a mining engineer in China. In the White House they conversed in Mandarin when they wanted to foil eavesdroppers.Franklin Roosevelt’s polio may actually have been Guillain-Barre syndrome. His parents were sixth cousins and he was his wife Eleanor’s fifth cousin once removed.Harry Truman served in World War I even though he should have been rejected for military service for his poor eyesight. Desperate to serve his country, he passed his physical by memorizing the eye chart.Dwight Eisenhower’s mother was a pacifist who did not approve of her son’s decision to attend West Point. Because of his long military career, he and Mamie never owned a house until they bought their retirement home, a farm in Gettysburg, Pa. On their wedding day Ike unromantically told Mamie, “My country comes first and always will. You come second.”Improbable as it now sounds, John F. Kennedy was once a Boy Scout. As a prep school student, Kennedy joined some of his friends in a practical joke, blowing up a toilet seat. When the headmaster referred to the vandals as “muckers,” the conspirators named themselves The Muckers Club.Lyndon Johnson proposed to Claudia “Lady Bird” Taylor the morning after they met. She turned him down, but he continued to propose for the next two weeks until she finally accepted.During his years (1963–68) as a corporate lawyer in New York City, Richard Nixon became a connoisseur of fine wines. As president, when he hosted a dinner, he served himself a better wine than he served his guests. White House waiters were instructed to wrap his bottle in a towel so that no one could see the label.Gerald Ford was born Leslie King, Jr. After his mother divorced his father and remarried, she and her second husband, Gerald Rudolff Ford, began calling her son Gerald Rudolff Ford, Jr., although his stepfather never formally adopted him. As an adult, Ford legally changed his name and began spelling his middle name “Rudolph.” On a state visit to Japan, Ford, a graduate of the University of Michigan, was serenaded by a band playing the fight song of Michigan State. Ford lived 93 years and 165 days, which to date is the longest life of any U.S. president. [UPDATE: Jimmy Carter is now the longest-lived president.]Jimmy Carter is the only U.S. president who has lived in public housing. He, Rosalynn, and their three sons spent a year in subsidized housing in Plains after he resigned from the Navy to take over his father’s peanut business. Although his father left a sizable estate, he made so many bequests that no one, including Jimmy, got rich from his death.Ronald Reagan was given his first nickname, “Dutch,” by his father, who said he looked like “a fat little Dutchman.”George H. W. Bush was nicknamed “Poppy” as a child. His granddaughter, Jenna Bush Hager, named her second daughter Poppy for him.Bill Clinton played rugby at Oxford while he was a Rhodes Scholar. He underwent quadruple bypass surgery in 2004 and became a vegan afterward.Although his family’s fortune was made in the oil business, as governor of Texas George W. Bush signed a law that required electricity retailers in Texas to buy a certain amount of energy from renewable sources.Barack Obama speaks Bahasa Indonesian at about a fifth-grade level.