How would you generate $50K per month with $1M?
Hey BP,
Let me just start out by stating that I DO NOT have $1M, nor would I disclose my net worth /cash on hand for a general post. Hopefully that eliminates the “really bright for you to post you have $1M in the bank to invest crowd (said jokingly, but I see it happen quite often lol).
That said, I was scrolling Instagram last night, and a “influencer” I follow was asked the following:
“How would you invest $1M at age 25?”
His response (not verbatim, but more or less):
“I’d buy rental properties. I’d be generating $50K/month and have the real estate worth $1.3-1.4 M in a year.”
My first thought is, smart guy. However, my instant reaction is to run the numbers in my head. $50k/ month revenue off only $1 M?....
Maybe it’s because I’m predispositinsed to California RE prices, but I don’t know if that’s possible anywhere in the U.S.
That’s:
25 units @ $2000/month ea.
50 Units @ $1000/month ea.
100 Units @ $500/mont ea.
And the single family numbers certainly do not add up....
So, my questions to BP are:
How much revenue could you generate per month with $1M?
What city/cities would you do it in?
Does anyone know a city where
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