If you had 500k in equity, what would you invest in next?
If you had 500k in equity/cash, what would you invest in next?
Originally posted by @Michael Wagner:I've invested every $500k I've ever had in self storage and anticipate doing the same forever more.
Where and with whom do you invest?Thank you.
Originally posted by @Kris Wong:Apartments, apartments, apartments. People will always need a place to live. Even in trying times like these, an apartment deal purchased well is a stable asset. If you don't want to make the investment in yourself to be able to do an apartment deal successfully, then there are many experienced deal sponsors out there that have already made the investment in themselves. Invest passively with one (or 5) of them and wait for that mailbox money. You can invest in cash flow markets or appreciation markets, depending on your goals. You have enough equity to diversify into different markets. You could also sign up with a highly-regarded coach or mentor to expedite your own growth. You can really take it any way you want!
Which apartment deal sponsors would you recommend?
Originally posted by @Deniz Eker:Originally posted by @Michael Wagner:I've invested every $500k I've ever had in self storage and anticipate doing the same forever more.
Where and with whom do you invest?Thank you.
I primarily run my own deals. Also partner with some of the folks that i mentor. Occasionally lend or JV on other projects but that less common for me.
@BJ Min I would purchase several properties in "high-risk" areas of OKC & over-improve them. Rent them at competitive rent rates to tenants that approve auto-draft each month. In the high-risk areas you can purchase with 40-60k. I offset risk and vacancy by locking in a long term tenant with a competitive rate and great cosmetic condition. Then I cash flow well as I wait for appreciation. It will be a long-term play because appreciation is low and slow here, but some of the highest risk areas are right outside of very popular areas (huge river renovation/development and out the medical district, think hospitals, research facilities, med school), so it's a good bet!