If you had 5 mil to invest, what would you invest in?

[deobiggie]

Cars!

 

[RepostKing]

Buy up some low income housing

this the money maker right here

 

[moblack]

this the money maker right here

Buying low income housing is king. Buy a 35k house with a small mortgage say like 200 bucks monthly. Turn around and put it on housing for 8-900 a month. Pay the mortgage down and purchase more houses. Just imagine having 5 housing making like 600 a month in profit. Or buying homes that need work for example a house worth 90k but on the market for 60k because it needs TLC. When you buy that home you already have equity. Rent it out for 5 years. Renter pays the mortgage down you sell it 5 years later for 100k due to increasing property values. My co worker has hipped me to the game and I'm moving my shit towards that. I want income coming in when I'm sleeping.

 

[luukim]

If I had $5 Mil to invest:

Step1
https://www.trulia.com/property/3161922331-564-E-Main-St-Statesboro-GA-30461
This 28 unit complex located close to Georgia Southern University and is currently listed at $1,295,000

Great Investment Opportunity!! All brick complex on East Main Street. 28 total units. Each unit is 2 Bedroom/ 1 Bath. 1 year lease is required. $455-$500 Rent per unit per month. Currently, 25 of the 28 units are occupied. Complex is managed by a Management Company. Rent Rolls and P&L Statement will be furnish on serious inquiries only.

 

[Flawless]

If I had $5 Mil to invest:

Step1
https://www.trulia.com/property/3161922331-564-E-Main-St-Statesboro-GA-30461
This 28 unit complex located close to Georgia Southern University and is currently listed at $1,295,000

Great Investment Opportunity!! All brick complex on East Main Street. 28 total units. Each unit is 2 Bedroom/ 1 Bath. 1 year lease is required. $455-$500 Rent per unit per month. Currently, 25 of the 28 units are occupied. Complex is managed by a Management Company. Rent Rolls and P&L Statement will be furnish on serious inquiries only.

You have to consider the type of people who are looking to rent for $500 a month though. Credit and background check doesn't guarantee they won't be a nightmare.

 

[luukim]

You have to consider the type of people who are looking to rent for $500 a month though. Credit and background check doesn't guarantee they won't be a nightmare.

This is a college town and most of the tenants are students. Their parents are more than likely going to pay for the rent.

 

[TooTrilla]

If I had $5 Mil to invest:

Step1
https://www.trulia.com/property/3161922331-564-E-Main-St-Statesboro-GA-30461
This 28 unit complex located close to Georgia Southern University and is currently listed at $1,295,000

Great Investment Opportunity!! All brick complex on East Main Street. 28 total units. Each unit is 2 Bedroom/ 1 Bath. 1 year lease is required. $455-$500 Rent per unit per month. Currently, 25 of the 28 units are occupied. Complex is managed by a Management Company. Rent Rolls and P&L Statement will be furnish on serious inquiries only.

Is this low income? Because what kind of apt building only charges 500 for a 2 bedroom?

 

[moblack]

You have to consider the type of people who are looking to rent for $500 a month though. Credit and background check doesn't guarantee they won't be a nightmare.

Rent needs to be more than 500 a month. If I had 5 million I don't think I'd spend a big chunk of my money at once like that.

 

[luukim]

Is this low income? Because what kind of apt building only charges 500 for a 2 bedroom?

What's wrong with $500/mo? If my calculations are right, I have a potential ROI of 10%. I would be very happy with a 10%/yr return on my investment. I am assuming a management fee of 10% of rent and a yearly repair expense of 8% yearly gross income.

 

[TooTrilla]

What's wrong with $500/mo? If my calculations are right, I have a potential ROI of 10%. I would be very happy with a 10%/yr return on my investment. I am assuming a management fee of 10% of rent and a yearly repair expense of 8% yearly gross income.

I mean I just thought 500 for a two bedroom anywhere that wasn't low income was cheap as fuck.

 

[RepostKing]

Buying low income housing is king. Buy a 35k house with a small mortgage say like 200 bucks monthly. Turn around and put it on housing for 8-900 a month. Pay the mortgage down and purchase more houses. Just imagine having 5 housing making like 600 a month in profit. Or buying homes that need work for example a house worth 90k but on the market for 60k because it needs TLC. When you buy that home you already have equity. Rent it out for 5 years. Renter pays the mortgage down you sell it 5 years later for 100k due to increasing property values. My co worker has hipped me to the game and I'm moving my shit towards that. I want income coming in when I'm sleeping.

Working on my 16th. I offer my tenants a discount for direct deposit. Trying to be like Slam

 

[LSN]

not a goddamn thing...ball til I fall

 

[Day_Carver]

Invest in some of the things that im doing now; and do some new shit

1. Healthcare
2. Land
3. Drugs
4. Renewable and/or green energies
5. Organic Farms
6. Certain Paper Assets
7. Government Lobbyist to make sure my businesses get more business

Create multiple streams of income so that way if 1 or more failed, or stopped; one still would have others that bring money in.....

 

[moblack]

I mean I just thought 500 for a two bedroom anywhere that wasn't low income was cheap as fuck.

I wouldn't stay anywhere near a complex that had a 500 buck 2 bedroom rent. Folks gone be trapping , hooking, and busting guns in that community. Might as well call your complex the Carter.

 

[Mobilemannie]

Gun company stock. After Hillary wins, all the right wing NRA nuts are going to buy up guns like crazy thinking the 2nd Amendment is going away.

 

[ORIGINAL NATION]

The greatest investment you will ever make is in your health. I could use five million right now it would be a great start.