If you were given 1 million dollars...
Hypothetically, if you were to receive $1,000,000, how would you go about investing this money? Would you quit your job and try and do your own thing? Would you invest passively into the stock market? how much would you keep in cash etc.?
Would this be enough money for you to jumpstart your own company if that is a goal of yours?
Any specific plan of how you would leverage 1MM into a downpayment for CRE and which asset type/strategy you would take to start your own "empire." I am aware that 1MM isn't a lot of money in the world of commercial real estate, but my question is geared towards how you'd make best use of the money as an entrepreneur and reap the rewards in the future as a long-term play. Once the money is fully deployed, what's next?
any creative thinkers out there?
I would buy a small ranchette in the Texas hill country and build casitas at the foot of the property that I lease out on Air BnB. Run the bare minimum goats/cattle to get an ag exemption on the property and offer some F&B service to run all my life expenses through the business. Dig a well and install solar to be fully self-sustainable.
Buy primary residence in cash. Enjoy newfound life flexibility.
Two chicks at the same time
I'd buy a condo in which I could do two chicks at the same time.
Or you could lever up 80% and buy 5 of them