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Updated almost 9 years ago on . Most recent reply

If you had $1,000,000 in cash, what would you do?
I was discussing with a co-worker the other day and he asked me " If you had a million dollars cash, would you still buy real estate?"
What do you say?
Most Popular Reply
Originally posted by @David Dachtera:
I'd invest for income and use the income to fund my deals.
Even in a joke savings account (or six or more to be FDIC insured) at 1% is still $10,000 a month in interest.
David J Dachtera
"Success is not a destination. Failure is not an event. Success is a process, failure is a choice."
- DJ Benedict
David, I may have mis-read your post but I think your math is a bit off, a 1% annual APY would not pay you 10K a month. No bank in the USA is paying 12% APY, Russia maybe, but your funds vanish the next day.