If Someone Here Gave You A Bunch Of Money What Would You Do

I know I would invest it in real estate! I would buy homes that are way under value and fix them up and rent them , till the market comess up and Then I would sell some to generate more cash to buy more!

Example - I buy house valued at $70.000, for the price of say $25.000 and fix the repairs needed say $10.000. Now I have house worth $70.000 for only $35.000.
I then rent out the home for say $850.00 with a positive cash flow of $500.00.

I then wait 30 days to refinance the house at say $60.000, Now I have pulled out my initial investment of $35.000 plus $25.000 extra cash for more real estate deals!

So now I have a rental at $850, with $500 positive cash flow , and I refinanced an got my $35,000 back plus I have $25,000 extra cash to work with.
and then I do it all over again!

Plus remember I am doing most of the work so I am also paying myself to fix these up.

Now! to just get the money to start with!

HectorP.

Hector:
Your one of many who knows what they would do. There are many here who do not know what to do.

With the market the way it is currently, I would use just enough to invest in mini storage units and perhaps a parking lot or 6. I'm looking for those cash flow deals that require the least amount of work and risk. Oh, we would also go on our honeymoon to Hawaii that we haven't quite got the funds to do yet. They must have mini storage in Hawaii right?

Wendy

If someone gave me $100,000.00 to invest, I would use the money to invest in a distressed property in an area where the property values are pretty good. Then I would fix it up and resell it for double or triple what I paid for it. Then I am off and running and I would keep up this strategy.

The very first thing I'd do with the cash is hide it. If someone found out I had that much money on me, it would be gone in a week. Ha Ha, just kidding. I would invest the money in the realestate market for sure but I'd have to do it in such a way that other people could benefit also. After all, the people that keep us in the business are our customers.

I'd either use it to buy a distressed property and flip it to a rehabber for a quick profit and repeat the process -OR- I'd use it to buy a decent home for myself and then get a HELOC and use that to fund future deals.
Thanks for the mental exercise, mlaurita.

If someone gave me a full million, I'd do both of those and then some.

We would use the money for every type of REI we could till we have a big snow ball of money. Knowing what I know now it would not take long to snow ball the money quick.

Steve and Veronica.

Last april, a relative while vacationing here in the States offered me 50k to invest. She lives in other country and don't know what to do with her savings when she retires. She doesn't have any retirement plan and told me that she will put more when she take her money off the treasury bills.

She was ready to give it to me outright when I said "no". I decided to stick with my wholesaling with "no money, no credit" and some other paths in REI until such time when opportunity arives, and i'm already a master of REI, then I "might" be needing someone's else's hard earned retirement. I was broke at that time and surely admit "I was almost tempted". Blessings to all. LA

If Someone were to give me 100,000.00 $ I would do exactly what dean showed me to do in his books.I would first contact my Agent ask him to search my local area on the MLS and find out witch type of properties have most frequently sold find out how long they took to sell and for how much they sold for and how far under FMV they were when purchased.this would give me the oppritunity to evaluate my local market and find out witch stategy would benefit my investment the most wether it be buy,fix,hold and rent out for monthly cash flow. Or buy,fix and flip for a quick profit.After I evaluated my current situation and my local market there would be a ton of options as to what to do next with 100,000.00 $ to invest.

Thanks for asking such a great question you really made me realize that I am actually benefiting from this book already with out even completing my first deal or making any money.

Invest it plain and simple. And not just this type of real estate though its a great start but alos a few good REIT's and once cash flow builds you can branch out into other hard assets like oil, silver/gold, mining ect.
I have to say that reading rich dad poor dad years ago along with a few other "Rich Dad" books really opened my view up to whats possible with the right attitude/thinking.
I'm not here to pitch Robert Kiyosaki's books but they ARE authentic in nature about not just investing but the entire "Rich Dad" lifestyle as I call it.

While the goal is to support yourself, there is nothing that says you cannot help others learn to help themselves. I would work with others and help them get on their feet through real estate. Those opportunities are all around us.

I have this great 4 unit short sale that will give us some steady income and the Cap rate is 14.49 % Then we found another one with a cap rate of 10 - 12% depending on what they are asking and what we would want to get it for. "Man O Man" ! Its like paying $50,000. per building, and making 1,300 - 1,500 per month x2. The bank will get their %5 because the buildings can bear that amount and we still get a decent amount ourselves. Any investors want to play bank out there? Other wise we have a couple banks we are talking to. If we get these two deals done by Oct.? Dean will give us our tuition back. YAY!

Then once we had some steady income coming in, If it was a lot of money, I would start buying up all these empty houses, fix them up, and then get families into them that can lease to buy. I would hold a luncheon so everyone could hear about what we are offering and trying to do. We are not at the point were we have the money to do that but I sent out 32 letters to all my expired listings and I have guys ready to go to work to upgrade.

Then I would start helping others investors dreams come true. "Dreams of your past, Reality of your Future"

Love the snowball idea and your expansive way of thinking! For me, "every type of investment" would include multi-family units and apartment buildings -- however, nothing is too small. (Newby Great to participate here! Looking forward to meeting other dg members!)

Look at Matt Larson he has a big snowball now.

Then we would give back to others.

the first thing i would do is get a pro at fliping properties in numbers and then i would structer each deal for maximum profitable transaction then get an office biuld a team and get it done no questions asked

i would first invest in distressed property in and around my area north central il. i would hold the ones in good areas resell at a profit the rest and pay back the original 100,000 with of course intrest.

I would invest the money in single family homes that are 50-55% of their value. I would do the cosmetic rehab work and sell the property. Split the proceeds with my cash investor 50-50. I would then take my profits from the buy fix and sell portion of this business and invest in apartment buildings. I would give away 10% of my earnings to charites and church organizations. When you have so much fun doing something, can you really call it work?
Jeremy K

I would give 25% to my church and other ministries to preach the gospel worldwide, then invest the other money in real estate by buying distressed properties and fixing them up and renting for monthly cash flow. God rewards you for being a giver into his ministry.

First I would kiss the person who gave me the money to use and say a prayer for this ANGEL. Then I would get together with my agent to get a game plan & start buying homes at 50-60% below market price and purchase and fix up and rent out until prices go up. Then refiance to pull out the money I used. Then I would start all over again. This way I am always using the same money and growing my worth & my Angel's retirement. My investor and my team would all be making money. People would have homes to live in that have been misplaced with this recession. I would also give to charities and adopt a few classrooms in some of the schools to help out. And also help my family that have been their for me. This could be a beautiful win win for everyone.

Berha - Don't wake me up this is a DREAM.

If someone gave me $1,000,000.00 and said invest it in your deals, I would buy distressed commercial properties that have a CAP of 10% or higher. Then I would ask them if they wanted to be my partner and do it again, OVER and OVER......!

If someone gave me $100,000 and said invest it in your deals, I would buy a fourplex. Then I would ask them if they wanted to be my partner and do it again, OVER and OVER......!

If someone gave me $1,000,000, I could reduce my efforts on raising capital and redirect those saved days to buying short sales. My new $1,000,000 partner and I would be able to profit an extraordinary amount of money due to our selective and "cash based" buying.

If someone gave me $100,000, I would simply put those funds to work in the same manner that I currently do for my existing clients. Buying property in which the price is out of line and resell for a profit.

I would thank the investor and set out to work finding the deals with percentage returns he/she would want - but, I would start in commercial since that's a lot more money than the average single family home requires. I would definitely look into storage units, apartment complexes, and billboards. I would then recoup the original money plus his/her desired % interest - and pull the equity out to start on my own investing - all the while my net worth has increased using OPM! Billboards are great because you can charge higher "rent" to corporations than personal families. I would of course donate 10-20% to charities that I can relate to or feel have the most needs.

After 4 months of this aggressive investing, I would take a 2 week cruise in the mediterranean!! Sun and Fun, baby!

Ok, back to my "job" - start then on strip malls to revitalize smaller towns all the while having the Government as my partner by using their "green grants" and "revitalization grants". Hey, helping the community is what it's all about. When you die, what happens to your money? You can't pack it in a suitcase and carry it up to heaven with you....no, God will judge you on how many people you helped by following the example Jesus showed us. I know where my treasures lay....

I hope this was some food for thought.

This type of thing really gets you thinking and Dreaming. I really want to Invest in multi family units. I like the Idea of having steady cash flow while building net worth. I will work up to large Apt Buildings fix them up and rent all of them at a very fair price. I really like to help others out as well so I want to bring as many people with me on this journey to Finacial freedom. This truly is the American Dream..

If I PM you my home address, how soon can you get here with the money?
Following Deans system, leverage for RE opportunity is the key.
There is a ton of opportunity here in my town alone and we have not even searched surrounding towns. So if someone was to give us that kind of money, we would turn it into a constant flow of income and offer people the oportunity to own their own home for far far less than previous years...
Thanks...
Frank G.
NC

If I had someone gave me 100,000 right now this is what I would do.

First thing I would do is ask how much the cost of me having this money will be. How long do I have to pay it back. I would ask what all the terms and conditions are. Once I have that information I would then proceed to find either 2 duplexs, a triplex, or quad, that would range from 10 to 20k a unit. That would cashflow me 300 or more a month per unit. I would also make sure the rehab cost is with in my budget. After I acquire the property, I would fix it, lease out each unit and then sell it to one of my many buyers for multi units for 30 to 40k a unit. Pay back the money and move on to the next deal.

If I do not find that type of deal then I would purchase a middle income single family home that would be worth 150k in the area that has DOM of 90 or less. I would purchase the home for 80k fix it up for 10k then quick sell it on the market for 130k. If it didn't sell I would refi and put in a rent to own tenant with at least 10k down. Pay back the 100k and keep the rest in reserves.

this is what I would do.

I'd first give my cut to our heavenly father right off the bat and then I'd pay off my debt of $40k. I'd then have $50k remaining with excellent credit and then the sky is the limit. I'd then qualify for hard money loans to finance my real estate deals and do everything possible to use OPM (other people's money) as that's the key to being successful in real estate. I'll be there very soon. Have faith, believe and you'll see it come to pass.

After reading your recent post's I would love to do some commercial deals or residential commercial. That would be a new venture for me. Willing to learn! With 1,000,000...think how many SFR you could leverage just think how many moderately priced homes you could do deals on. I would help people get in properties "rent to own" with no money down. It is the American Dream.
If you are serious and you need someone to partner with don't hesitate to PM!
Thanks for your post's...
Barbara

First I will thank God for the tremendous blessing. I would give some to charity and assist my children to pay off their student loans. Make a purchase of two small investment homes and partner with a few of my DG brothers and sisters to make their dream of home ownership a reality. I will be gratified just to hear them say, I did my first deal all cash. God Bless.

Sandra

I would study the strategy of investing in commercial residential properties and then invest in those properties. It is where the big money is.