If you had $100,000???
38 Replies
John Matthew Johnston
Investor from Beaver Falls, PA
posted almost 2 years ago
If you had $100,000, no debt, no investments and the knowledge you have now, what would you do with it???
Russell Brazil
(Moderator) -
Real Estate Agent from Washington, D.C.
replied almost 2 years ago
Head to vegas and and let it all ride
Ned Carey
(Moderator) -
Investor from Baltimore, MD
replied almost 2 years ago
@John Matthew Johnston i would do low cost quick turn deals until I built it up to a larger number. That may be a lot easier to do in my market then yours
Sam Shueh
Real Estate Agent from Cupertino, California
replied almost 2 years ago
Need about 2X that amount as downpayment for a very small modest home. Nothing other than a shack is under 1M for several years.
Anthony Dooley
Investor from Columbus, Georgia
replied almost 2 years ago
I could easily buy 10-12 existing rentals for $400,000. $100K is 25% down. Each rents for no less than $600 at the purchase and I would increase most of those over the next 12 months. Send me your $100K and I will pay you 8% fixed APR for 3 years, then sell or refi you out of the deal.
Joe Villeneuve
from Plymouth, MI
replied almost 2 years ago
1 - Flip the cash 10 times at 15% profit, reinvesting the profits each time ~ $400k plus.
2 - Continue to flip the $400k at 15% profit, but invest the profit ONLY in NNN commercial properties.
3 - Continue to flip the same $400k, over and over again, repeating the profits until your arm gets tired.
4 - Continue to buy NNN commercial properties with the profits ONLY.
5 - When tired, cash in all of the $400k into a NNN.
6 - In the end, you will have an unlimited number of properties you can buy, without spending a dime during the entire process.
Jim K.
Handyman from Pittsburgh, PA
replied almost 2 years ago
Charming ladies of low repute and a certain white powder associated with marching and various countries in South America.
Jay Hinrichs
Real Estate Broker from Lake Oswego OR Summerlin, NV
replied almost 2 years ago
@Jim K. Subway sandwhich shop. friend of mine owns 3.. they take about 100 to 125k.. and they make about 50k net a year until subway is paid off then they make about 100k NET a year.. far better than rental real estate.
Jim K.
Handyman from Pittsburgh, PA
replied almost 2 years ago
Financial freedom one footlong at a time...pushing bread to prosperity and beyond...the cold cut combo shortcut to cold hard cash...thanks, I'm here all week.
Jay Hinrichs
Real Estate Broker from Lake Oswego OR Summerlin, NV
replied almost 2 years ago
Originally posted by @Jim K. :
@Jay Hinrichs
Financial freedom one footlong at a time...pushing bread to prosperity and beyond...the cold cut combo shortcut to cold hard cash...thanks, I'm here all week.
you just get to your tenant before he / she moves into your C D class rental.. I mean that's were they work right.. so have them make your sandwiches and rent your low end houses. Double dip as it where.
Caleb Heimsoth
Rental Property Investor from Durham, NC
replied almost 2 years ago
@John Matthew Johnston not buy low income crappy propeties as a long distance landlord from a guy named Clayton Morris.
Jim K.
Handyman from Pittsburgh, PA
replied almost 2 years ago
Dustin Hood
Rental Property Investor from Nederland, Texas
replied almost 2 years ago
@Joe Villeneuve I like your idea. Where’d you get $400k by flipping 10 times at 15%?
And also you said reinvest the profits...reinvest to what?
Thank you!
Junior Soares
Contractor from San Jose, CA
replied almost 2 years ago
Steve K.
from Honolulu, HI
replied almost 2 years ago
not declare I had $100,000 on the internet...
Joe Villeneuve
from Plymouth, MI
replied almost 2 years ago
Originally posted by @Dustin Hood :
@Joe Villeneuve I like your idea. Where’d you get $400k by flipping 10 times at 15%?
And also you said reinvest the profits...reinvest to what?
Thank you!
Compounding effect. For the first 10 flips, you reinvest the profits back into the seed money (originally $100k) and it should grow to $400k (new seed money). Then continue to flip the seed money (now $400k), but don't reinvest the profits...instead, spend them on bills and/or buying cash flow properties. Since you will not be spending (one time use) your seed money ($400k)...you keep trying, but you keep getting it back "with friends (the 15% profit)"...you will be generating new profits with every flip.
Ed Azziz
Flipper/Rehabber from Indianapolis, IN
replied almost 2 years ago
@John Matthew Johnston Study what aspect of the real estate game best suits your personality and your ability to handle various levels of stress. Once you find what’s best for YOU. Invest in it.
Account Closed
replied almost 2 years agoOriginally posted by @John Matthew Johnston :
If you had $100,000, no debt, no investments and the knowledge you have now, what would you do with it???
I'd use it to promote whirled peas
Wesley Whitehead
Rental Property Investor from Miami, FL
replied almost 2 years ago
@Joe Villeneuve what does NNN stand for?
Ian Walsh
Lender from Philadelphia, PA
replied almost 2 years ago
Only if the 100k comes with the experience and knowledge I have now would I use that money. If I didn't have that experience/knowledge I would pretend I didn't have it and learn to make it in this business on 10k or less. Once you can do that, you will know exactly what to do with the 100k.
Joe Villeneuve
from Plymouth, MI
replied almost 2 years ago
Originally posted by Account Closed:
Originally posted by @John Matthew Johnston:If you had $100,000, no debt, no investments and the knowledge you have now, what would you do with it???
I'd use it to promote whirled peas
If you whirl peas too much, doesn't that eventually turn into baby food?
Joe Villeneuve
from Plymouth, MI
replied almost 2 years ago
Originally posted by @Wesley Whitehead :
@Joe Villeneuve what does NNN stand for?
Triple Net
Joe Villeneuve
from Plymouth, MI
replied almost 2 years ago
Originally posted by @Ian Walsh :
Only if the 100k comes with the experience and knowledge I have now would I use that money. If I didn't have that experience/knowledge I would pretend I didn't have it and learn to make it in this business on 10k or less. Once you can do that, you will know exactly what to do with the 100k.
I like this answer, except I think too many people that would be in the position of having that $100k with NO experience, would just spend it.
Will Gates
Rental Property Investor from Maryville, TN
replied almost 2 years ago
I'd thoroughly research whether Real Estate is something you'd want to dabble in... maybe get yourself some experience by going for a partnership to get yourself into things to learn the ropes for a flip, a BRRRR, a rental. Then once you have confidence, jump in if you're wanting to be in the game.
Ben Leybovich
Rental Property Investor from Chandler/Lima, Arizona/OH
replied almost 2 years ago
Haha well, I'd buy a $10M apartment complex.