Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

19
Posts
7
Votes
Mike Williams
  • Riverside, CA
7
Votes |
19
Posts

A million to invest

Mike Williams
  • Riverside, CA
Posted

Hello everyone.  
My son is 24 years old and has over a million dollars. (He earned this $ as an underground rapper and still earns about $40k a month)

I’d like to help him invest that money in real estate but I have no idea where to start.  

If you were 24 and had this kind of money, what would you do?

Thanks!

Most Popular Reply

User Stats

5,037
Posts
4,678
Votes
Taylor L.
  • Rental Property Investor
  • RVA
4,678
Votes |
5,037
Posts
Taylor L.
  • Rental Property Investor
  • RVA
Replied

I'd seek out 3 people: A CPA, a Financial Advisor, and an Asset Protection Attorney. So many entertainers & athletes go broke by not paying their taxes, living well beyond their means, and by making bad investments with their buddies/based on emotion.

At 24 with $1 million, he doesn't need to do much more than hit base hits the rest of his life to have an incredible amount of wealth in his 40s and beyond.

I'd also join the FatFIRE group on Facebook. Great group of high net worth and high income people.

Loading replies...