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All Forum Posts by: Hugo McBride

Hugo McBride has started 1 posts and replied 17 times.

Post: Let's say you won the lottery ...

Hugo McBridePosted
  • Investor
  • Tucson
  • Posts 17
  • Votes 5
Quote from @Steve Vaughan:

Do again what got me the $800k in the first place.

In this market I'd split between 5% risk-free couch returns and blue chip dividend payers.   

Commercial multis have 1M new build units hitting this year and Commercial credit markets are wonky.   


 What 5% risk-free couch returns are you talking about? CDs? Treasury Bonds?

Any specific blue chip dividend payers in mind?

Post: Let's say you won the lottery ...

Hugo McBridePosted
  • Investor
  • Tucson
  • Posts 17
  • Votes 5
Quote from @Mike Dymski:

Take the family on vacation...and then buy one or two rental houses (for cash or low leverage) in a growing market where prices have dropped 10-20%.  Everyone has different goals; so, the strategy will vary accordingly.  Or, stick it in a US Treasury or a CD and get 5% risk free.


 Vacation sounds nice, where would you go Mike? 

Also, 1 or 2 homes will get you about what $4-5k a month net (?). Isn't it better to leverage and get like 10 homes with a smaller cash flow?

You are right about everyone having different goals but this goal is to use this money to launch into bigger things. 

Post: Let's say you won the lottery ...

Hugo McBridePosted
  • Investor
  • Tucson
  • Posts 17
  • Votes 5
Quote from @Eliott Elias:

Buy one large multifamily property that cashflows 10k. 


 What kind of multifamily property, apartments? build-to-rent? reno a hotel into condos? do it all cash or leverage? where would this be? how do you go about finding this deal?

Post: Let's say you won the lottery ...

Hugo McBridePosted
  • Investor
  • Tucson
  • Posts 17
  • Votes 5
Don't know much about this. How does this work?

Post: Let's say you won the lottery ...

Hugo McBridePosted
  • Investor
  • Tucson
  • Posts 17
  • Votes 5

Great and interesting responses, there are so many different things that people can do.  Even the one with helping owners reno their properties so they can sell and split the profits, sounds like a lot of work but hey, it's another way.  These responses just got me more questions!  Keep the responses coming, anyone else?

Post: Let's say you won the lottery ...

Hugo McBridePosted
  • Investor
  • Tucson
  • Posts 17
  • Votes 5

How would you invest say $800k?

[...it is a smaller more winnable

 lottery ;) ...]

I often ask this question to friends to show them that one does not have to wait to learn and have a strategy. 

This time I'd like to ask the successful people in the group how they would invest that $800k. 

Post: DIY Property Management Database Website and App

Hugo McBridePosted
  • Investor
  • Tucson
  • Posts 17
  • Votes 5

Hi Safeer, it's been a while when this thread was posted but very intersted in learning more and working together on property management database. Please PM me.