Developer · Atlanta, GA · Member since 2014 · 475 posts · 424 votes
4y
@Brittney Peabody
Don’t know if I could spend it all in a weekend, but here is what I would do.
1. I’m buying land. I would spend $100k here. I need at least 3-5 acres outside of a major city.
2. I’m using the remaining $100k to qualify for a construction loan ( $80k) and the other $20k will be spent on construction plans, permitting, surveys.
Then I will proceed to build an affordable home community. The homes will be around 1000-1200 sqft and the community will have amenities such as a community garden, walking trail, and random fire pits throughout so people can enjoy being outside.
If I absolutely had to spend it in a weekend…. I’m buying stock in my favorite REITS ( IIPR and Digital Realty Trust)