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Question:

I got $120K & want to get a piece of construction equipment to start a business: Well Drilling? Back hoe?

What type of equipment is best to start a 1 or 2 person operation with in N.C.? What about a crane service or buy a tow truck? What could I invest this $120K in to make a profit?

Answer:

If you have $120k to invest why don't you consider investing in real estateThere is no better time than to buy nowThere are good deals to be had in this marketYou could consider either flipping a house or a buy and hold property where you rent it out and create some cash flowI'm a G.Cand see sub-contractors who do know what they are doing lose everything they have and I get the impression you don't know what you are doing so what makes you think you can do a better job than the guys who have been doing it for 20 yearsYou can learn how to invest in real estate and start part time if you wanted but I stress you MUST learn proper investing techniques first before you start investingDon't waste your money on those so called guru's you see on the infomercials eitherThere are plenty of websites out there where you can learn from other investors for freeBuying a crane that you might not know how to operate and drumming up business from connections you may not have is going to be a long road to financial security.

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