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Free registration at the forum removes this block.Theres a thread on this already. Cant you do a search or pay someone to do it for you?
Sheesh.
#landfill
Hi.
I’m looking for ideas on what to do with $1 million. I want to do something where I can get a good return, optimally 10-20% through a business or other avenue. I’m under 40 so I’m hoping I can generate income off this for a long time.
Thanks. What would you suggest for 10% return?
You will have the opportunity to make a lot more money off of your investments if there is an active role. I personally like taking undervalued "distressed" properties and bring them back to profitability. Then sell for the greater profit.
You have a successful business. It would not make sense for you to invest this way as it would be a distraction.
What might make sense is that you could put some of your excess cash into cashflowing real estate. Perhaps small apartment buildings, rental houses, NNN commercial properties. If you pay cash and hire managers to take care of these, you have cashflow backed by real assets.
Methinks this is a drive by poster.
Best way to ensure that is to treat them like one.
Yeah, this is probably where I'd plant my flag as well. Pick up a few books on the subject, see if it's right for you.
You certainly won't see 10-20% returns in any kind of passive investment (without some kind of gambling involved, anyway) so whatever you decide make sure it's something that you can enjoy being active in and that can hold your interest.
Out of curiosity - is this windfall money, savings, or did you build up to it through other business ventures? Not that it really matters but it would be a good idea to take an inventory of your skillset and skill level before diving into something new. Understand anything is going to have a learning curve and while starting with a million bucks is nice, it's not enough on it's own to ensure success.
You will have the opportunity to make a lot more money off of your investments if there is an active role. I personally like taking undervalued "distressed" properties and bring them back to profitability. Then sell for the greater profit.Take a look at some of @SteveO's content. The guy bought and rehabbed a golf course! This type of active investment sounds a lot better of an option then passively renting out a property or hoping your stocks will go up or pay a dividend.
Methinks this is a drive by poster.
how about buying some rental properties?
I admit, I was a little harsh.
But I think that if we all had a million dollars to spend, the last thing we would be doing is taking the advice of random people on the internet.
But there's a gold post on a topic like this, so I'm to assume that people do this all the time. "I have X amount of dollars. What do I do?"
2. Observe the market and follow up the bad news and scandals.
I have a fastlane medical business that I employ about 70 people and this is where the money came from.
It’s not incredibly difficult to make a 10% ROI as an investor - are you saying $100k/year passive is not significant?
Examples:
1. Volkswagen emmision scandal. The stock price was falling down and down as long as the bad news were on the first sides in newspapars. After about a month I bought them. Almost 100% return after about a year.
2. Brexit. After the «scary» news about brexit the GBP has crashed. I bought some. Great deal!
So I believe it is not a question WHAT to buy. My favourite question is: What is EXTREMELY CHEAP RIGHT NOW?
I am looking for some new scandals. Any ideas?
No need to be an a$$ to a first time poster
How, and where? I have almost $1M in properties in my local market (single-family homes in northern CO) and I think I bought pretty well -- but they only return 6%, not 10%.
Example: in late 2016 I bought a 4br 4ba 2000ft house for $297k, good shape, nice yard, nice neighborhood, good location -- and the market will bear about $1800 rent. Take out about $2500/yr for tax & insurance and it nets about 6.4% before the occasional repair $$$. I bought two other properties last fall and they worked out about the same.
I guarantee you couldn't rent that house for $3000, and you couldn't have bought it for $190k, so I don't understand how you're pulling 66% more return than I can. Is your cost/rent dynamic different than it is here? Or are you doing multi-family, commercial, ...?
At least I have the comfort of knowing that I have a very good market to own in. That $300k house has gone up about 12% in the last 14 months. This area has never had a significant (> 10%) drop in real estate prices in the last century.
I admit, I was a little harsh.Either way, I wouldn't be encouraged to post more if my first post resulted in people being an a$$ to me.
Hi.
I’m looking for ideas on what to do with $1 million. I want to do something where I can get a good return, optimally 10-20% through a business or other avenue. I’m under 40 so I’m hoping I can generate income off this for a long time.
Thanks for your suggestions.
I have about 10 different crypto currencies right now... For me it's more risky not to invest at all because this technology can change the world.
The best deals aren't known by the public. Get to know some brokers and realtors and flat tell them you will buy properties that meet certain requirements.
Have you read The Millionaire Fastlane or Unscripted ?Hi.
I’m looking for ideas on what to do with $1 million. I want to do something where I can get a good return, optimally 10-20% through a business or other avenue. I’m under 40 so I’m hoping I can generate income off this for a long time.
Thanks for your suggestions.
$1 million, while a lot of money, isn't really enough to get any decent results from more passive investments. (At your level of success, I'm sure you realize that)
I invest in real estate creating Passive Income -- both directly and through trust deeds. My yields are less on trust deeds, but they're a lot less management hassle -- since I have a bank escrow department do my collecting.Hi.
I’m looking for ideas on what to do with $1 million. I want to do something where I can get a good return, optimally 10-20% through a business or other avenue. I’m under 40 so I’m hoping I can generate income off this for a long time.
Thanks for your suggestions.
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