Inherited 6million dollars, what would you do?

Multi-Family and Apartment Investing
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Inherited 6million dollars, what would you do?

Tanner Enderle
Rental Property Investor · Phoenix, AZ · Member since 2018 · 14 posts · 4 votes

I have some experience flipping as well as LTR SFH, but have always wanted to move into bigger commercial multifamily...

What would you do with 6million dollars?

Would you buy smaller all cash or use that money as a Dp for a bigger whatever??

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Mary M.
Rental Property Investor · Portland OR · Member since 2018 · 2k+ posts · 3k+ votes
6y

@Tanner Enderle the first thing you do is not post it online. That is asking to be inundated with scammy people. 

My suggestion is to go talk to the highest end commercial brokerage in your area work with them to build a portfolio. 

With that kind of funds you are set for life and can earn 300k/year easy 

also suggest talking to a good attorney and financial planner to decide how much to invest, and in what market. 

I am sorry for your loss. Feel free to PM me as I went thru something similar. 

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  • Jacques Herve
    Real Estate Agent · Member since 2019 · 67 posts · 33 votes
    6y
    1) Loose women and fast cars lol.
    2) More seriously: You're all set, buy a total market indexed fund (Vanguard VTI) , forget about it and spend time with friends and family.
    If you get bored with 2, then you have option 1.
    Simple as that.
    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    6y
    Originally posted by @Marc Winter:

    1.  live full time on a cruise ship, traveling around the world

    2.  give seminars to your shipmates on how to make it big in real estate

    I would love to have a condo on the WORLD  what a lifestyle !!!  

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    1Reply
  • Mike CumbieBusiness Member
    REALTOR® · Brockport, NY · Member since 2015 · 3k+ posts · 4k+ votes
    6y

    @Marc Winter

    HEH, Mine was 

    1) Beautiful Catamaran $450,000

    2) Ramen noodles $212.00

    3) Rum $5,550,212

    1Reply
  • Aaron Holtzman
    New to Real Estate · Hoboken NJ · Member since 2019 · 17 posts · 7 votes
    6y

    I would use the $6 mil and leverage the rest to buy 20-30 several multi-unit quick service restaurants. 

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