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Updated over 4 years ago on . Most recent reply
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- General Manager, Publishing at BiggerPockets
- Denver, CO
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How would you invest $1 million?
How would you invest one million dollars if it was given to you free? Why would you invest that way?
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Most Popular Reply
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Howdy @Katie Miller! In that scenario I would use a construction loan to purchase a multifamily property around $4,000,000, seeking to be "all in" at that level, but achieve an appraisal value of around $6,000,000 within 18 months through the right value add renovations, stabilization through excellent management, and other strategies to add to the Net Operating Income "bottom line".
Then, I'd pull as much of the initial $1MM back out as possible, then rinse and repeat this a few times in the next decade.
It'd be a lot of hard work and many bumps along the way, but I would likely end up with about $25,000,0000 in real estate holding AND the $1MM in cash at the end of that decade.
#unBRRRRlievable!